
According to CoinGlass data, the Bitcoin call option with a $300,000 strike price expiring on June 27th currently holds the highest open interest across all BTC options contracts.
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See full terms@mintmobile.com happy episode 2000 wel to the number one daily bitcoin pod. In today's show we'll be discussing bitcoin buyer dominance at 111 suggests another wave of gains. Also breaking news bitwise research says that 427 billion of institutional money is about to buy 4.2 million bitcoin. The supply shock is real tick tock. Also trader with 800 million bitcoin long says he is not selling, he's buying and in fact he added to the position now 1.2 billion literally risking at all. We'll also be discussing London ditches eth shifts to full custody model for the bitcoin loans as well as U s Bitcoin ETFs near record month after one and a half billion of inflows in two days. Also Michael Sailor has a new bitcoin prediction and it is not $13 million. Also breaking news, $300,000 bitcoin price by June is now the most popular call option. That's right, 300k in play within the next 30 days. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good Crypto fam. This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again that's crypto news alerts.net this is a very special day it's episode 2000. That's right. This is CNA episode 2000. A huge milestone as I've been doing this virtually every day for the past seven years. So it feels good to be here. Especially with bitcoin hitting the new all time high of 112. Price discovery is still in play. Some targets are 300,000. In fact the most bullish of the bullish bulls are putting their money where their mouth is. That's the target right now. 300,000 by June. There's a lot of positions we're going to be discussing. Let's kick it off with our market watch as we do each and every day. You should be able to see coin 360. Let me know if you can see clearly on your screen. We have bitcoin pullback, some currently down 2% on the day, still maintaining above 1087. We also have ether down 3%. XRP the bulk of the altcoin market. All correcting following the big dog bitty you already know and checking out coin market cap.com. we're currently sitting on a 3.42 trillion bitty market cap or sorry crypto market cap. The bitcoin market cap is $2.158 trillion. We got 169 billion worth of volume for the past 24 hours and currently Bitcoin dominance is an even 63% with the ether dominance even McEven 9%. And checking out Tahundo crypto gainers past 24 hours we got 4 leading the pack up 11% followed by Bitget token of 7% followed by the hyper liquid up 5% which alts is if any are you bullish. On for the bull PA and checking out the crypto bubbles we get a visual perspective. Yesterday virtually everything was in the green. Today virtually everything back in the red. And zooming out for the weekly I dare say 8020 green over red and zoom it out on the monthly. The bulk of the market in the green at least for the past 30 days. It's been pretty bullish for the past seven weeks and you'll see when we pull up the live charts in a little bit. Stay tuned and check it out. The infamous crypto greed and fear index. As of today we're back in the extreme greed. The higher this number goes, the more likely of a pullback. Lo and behold, the number finally hit extreme greed for the first time in a hot minute. And we do have a little bit of a itty bitty pullback. Yesterday 72. Last week a 71. And last month a 72 in greed and checking out the infamous time chain calendar. We're on block height number 898,000 and 009. We have literally 151991 blocks until the having of 2028. And as of today you can exchange one fiat monopoly dollar for 918 sats and before you know it one sat per dollar equals $100 million bitcoin. And if you don't know, now you know. So there you have it. Bitty Bros and Bitty Baddies alike all around the world. Bitcoin is now number four top rank Global assets. Let so let me share my screen then we'll pull up some of the live charts. And again this is special pod episode number 2000. That's crazy just saying that. And cheers to the next 2000 bitty episodes. You should be able to see here Bitcoin buyer dominance at 111,000 suggest another wave of the gains. Can you handle the waves? Bring it. Check it. Bitcoin buyer remains dominant or buying on the exchanges as the all time highs were met with the usual optimism. Data from Crypto Quant shows the 90 day cumulative volume Delta favoring the Biddy Bulls the CBDs. Let's get it not CBDs.
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FYI Bitcoin price all time high continue to find support amongst the traders with buyers staying dormant despite the market surging 50% in under two months. That's right. Analyzing the 90 day CVD crypto quant contributor reveals the extent to which sellers have ceded control during that period. In short, buy orders have become dominant again. In other words, more buy orders are being placed in the market than the sell orders. This generally signals that the uptrend shall continue precisely. CVD measures the difference between the buy and the sell volume over the three month period and until the mid March sell side pressure dominated the order book with a bitty hitting the multi month lows of 75,000. God bless you Nipinator in early April. Neutral conditions prevailed until the buyer dominance reentered in May. The the summary of the situation is the price test above 110 and reaches a new all time high. Buyers have not backed down. This could be setting the stage for another wave of the upwards momentum. Send it is all I got to say. Hollers have broadly refrained from distributing the coins to the market at the current levels. Daily profit taking is half of what it was when bitcoin first reached 100,000 back in December of 2024 according to the research. While the price is 10% higher and I see a massive contribution from the Oracle and she just gifted five memberships to the channel. So God bless you and thank you and congratulations all the new members. I'll strike the gong for you after I read this story and congrats again and thank you so much Oracle. You're a Godsend. I appreciate you so quoting the analyst here from Glass Node Older coins were much less less active this time signaling a stronger holding behavior. When bitcoin hit the all time high yesterday, total profit taking volume was around 1 billion, less than half half the amount of the unrealized Bitcoin first crossed at 100,000 back in last December when it hit 2 billion. Despite the higher price, profit realization was far more muted as the bitty bulls continue to do their thing. Just ask Scotty Pippen. Ask him about Satoshi. Crypto quant notes that the price momentum increased after reclaiming the average cost basis for the bitcoin short term huddler cohort at just under 100 G's entities buying within the last six months. Bitcoin is rallying after reclaiming the short term huddler in average cost basis, a key level that often serves as a strong buy the dip indicator. Speaking of buy the dip, shout out to the nip. The one and only former chairman of the sec, co host of the podcast and in breaking news bitwise research says 427 billion of institutional money is about to buy 4.2 million bitcoin. Talk about an incoming supply shock. Very limited amount of the bitty as the institutional FOMO like a mofo continues. Also, A trader with 800 million bitcoin long says he is not selling, he's buying. This guy is a madman. Shout out to the madman. James Wynn quoting him here they're coming for me exactly as I expected. I ain't selling. I am buying into them. Position value now 809 million. The bulls are greater than the cabal. I repeat the bulls are better than the cabal. Amen. But it gets better. Operation F The bears trader James wynn just increases bitcoin long to a new high of 1.2 billion. He's risking it all. Send it. And I love this operation. Operation F. The bears. Liquidate me, B. Gotta love it. I love this energy in the market right now. And quoting the high priest, bitcoin, your holiest holiness, Max kaiser. Ramping up productivity means capital investment. Means more borrowing means higher interest rate cost means more money printing. An inflation sensation from the fed who gives away money to the cronies who invest in non productive boondoggles means a U. S. Bankruptcy is guaranteed. I couldn't have said it better myself, max. So there you have it. Yo, there's the one hour chart. We have a bullish green target, bullish pennant in Play. Sitting at 116 all day every day. What more can I say? It's inevitable. Let me know when you think we'll hit that 116 bullish pennant here on the one hour chart and we'll work our way backwards from there. Just take quick look. Checking out the 4 hour 4 hour chart. Very lit bullish pennant. We do have a target. Same as the one hour I believe. 116.3. As you can see live and on your screen and zooming out from the four hour, let's take a look at the one hour. I mean the one day bitty broskis. The one day shows us we finally got a correction after three days of pure bullishness. Again, all time high followed by all time high price discovery. I can get used to this. Welcome to the summer and let's get it bitty summer heat. We're bringing it like we're in Miami, only I'm in Puerto Rico and it's just as hot, just FYI. But you can see a big red candle correction today. But I think the bullish momentum is likely to proceed. You guys let me know your thoughts as and happy tgif. By the way, it is Friday. Let's see if we get a little weekend bitty pump or if the correction continues. And checking out the weekly nut and weak about this weekly chart. We have a rising wedgie. The only wedgie I approve of. And we have 1, 2, 3, 4, 5, 6. We're on our seventh green consecutive week. Even with the pullback today, we're still in the green for the week. So let that sink in. We're most likely going to get our seventh.
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Close here in a couple of days on Sunday Funday and we also have a target on the weekly sitting at 124000 which is a cup and handle target. And zooming out from the weekly we take a look at the monthly and the monthly chart says it's going up forever. Nipinator that's right. According to the Nibinator indicator, Big Bull Candle already forming for the month of May. We still got a week left to put a bow on it. And last month we was a green candle close as well for April. I mean as soon as we entered Q2. Pure bullishness. So the Bitcoin bulls are back in town. That's all I'm saying. But anyways, next story we did our ta. We have a lot of news to share and a lot of excitement in the markets. The markets are doing its thing, of course, but let's dive into our next story of the day. Headline is London ditches their ETH and shifts their full custody model for Bitcoin loans only. Let me know if you've ever heard of this particular bitty lender again. Le? D? N? Len or Lenden, however you want to pronounce it. But let's break her down, shall we? Digital asset lender Lendon is transitioning to the fully collateralized Bitcoin lending and discontinuing support for Ethium Ethereum. Smart move and and moves designed to consolidate its Bitcoin focused business and further safeguard client assets against credit risk. And I think that's a smart move. As you know, Bitcoin's volatile enough Ethereum, extremely risky and even more volatile, so probably not the smartest to get an Ethereum back loan. Hence why they're no longer moving forward with that option. So it's best for everyone. In adopting a full custody structure for Bitcoin loans, London will no longer lend out client assets to generate interest, the company disclosed on May 23. Instead of dead Bitcoin collateral will remain under full custody of Lenin or one of its designated funding partners. This means assets aren't rehypothecated, reused or loaned out to generate yield. My understanding is Strike, Jack Muller's company is offering the same thing because I watched a video from him the other day. Strike just introduced non rehypothecated Bitcoin back loans as well, so there seems to be a lot of competition stirring and I think at the time when he made the video, Mer said the the rate was 12% interest and he said by the end of this month his goal was to get it down to single digits, which is ultimately hinting at 9% now Reed said the move brings the company back to the roots and aligns more closely with the Bitcoin founding principles. Quoting them here. Bitcoin was created as a direct response to the risk of fractional reserve banking and unchecked use of the client assets to generate the interest. Good point. Traditional finance relies on constantly reusing the client assets to create leverage and ultimately inflation. Bitcoiners instinctively reject that model. That's why we've moved away from this approach entirely. And rather than fragmenting the platform to chase marginal volume, they say we're going all in on the bitty and simplifying our stack to reflect what our clients actually value. Well done. Founded in 2018, Lenin has emerged as one of the largest lenders in the digital asset space with a loan book value of $9.9 billion. According to the Galaxy Research. The company enables Bitcoin holders to borrow against their assets, giving them access to liquidity without having to sell their holdings or trigger a taxable event. This approach is commonly used by the wealthy investors who take out low interest loans against stocks, real estate and other assets to access cash. Now here's the caveat. I'm going to assume it's this way as all the lenders I'm aware of in the Bitcoin space, typically your longest term is one year. So that's kind of the caveat. It's not like you can get a 30 year Bitcoin back loan, unfortunately, or everyone in the world would already be doing so. But anyways, Bitcoin's genesis block was mined in the wake of the global financial crisis in 2008, offering a world of sound money alternative to the inflation prone fiat money system. Bitcoin now thrives within traditional finance, especially after the successful launch of the Bitcoin ETFs in 2011. Black Rock alone has generated over 600,000 Bitcoin and the Institutional FOMO is no joke. Hence why it is in full effect. Institutional fomo like a mofo not slowing down any day soon. Let's continue with the news of where we left off next headline US Bitcoin ETFs near record month after 1 1/2 billion of inflows in the past 48 hours. That's right, check it spot Bitcoin ETFs in the US are heading for the record breaking month, helping push Bitcoin to new all time highs amid the rising of the institutional demand. The US listed spot Bitcoin E test recorded more than 1 1/2 billion in combined inflows over the two day period with 608 million on May 21 and 934 million May 22. A repeat performance of the past two days of inflows would see monthly inflows surge to 6.68 billion, surpassing the monthly record of 6.49 billion from November of 2024. ETH inflows help Bitcoin rise to new all time highs this episode is brought to you by Lifelock. Not everyone is careful with your personal information, which might explain why there's a victim of identity theft every five seconds in the US. Fortunately, there's LifeLock. LifeLock monitors hundreds of millions of data points a second for threats to your identity. If your identity is stolen, a US based restoration specialist will fix it, guaranteed or your money back. Save up to 40% your first year by visiting lifelock.com podcast terms apply of 112 which is current price discovery on May 22 which was just yesterday before retracing to 110 on the 23rd, still up 19% in the past week. Not too shabby and like I said past seven weeks, pure bullishness. As we saw in the charts, the robust ETF inflows that a bitty rise at a new all time high signal growing institutional demand and rising realized profits without the increased selling pressure. Institutional inflows, corporate balance sheet moves and macro dislocation converge into the clear message Bitcoin is no longer the alternative, it's becoming the benchmark. Recent surges of the ETF Demand coincide with 1 billion worth of the Bitcoin being withdrawn from Coinbase and a move analysts view as a signal of increasing institutional appetite. And word on the street is institutional inflows will push Bitcoin to 230,000 above and beyond. That's right. The structural inflows from the institutions may help bitcoin surpass that 200,000 base case before the end of this year, according to Bitwise head of research quoting them here. So the base case is 200 G's baby conditional or yeah, on the US government not stepping in. If they step in, we'll move closer to 500. And guess what? You absolutely know they're stepping in. Of course they're going to print and do what they do best, so and Then of course, Trump has to go ahead to continue with bitcoin acquisitions through the budget neutral strategies. As the game theory continues around the world, Bitwise's in house prediction for 2029 is 1 million. I say that's pretty bearish, but hey, what do I know is what it is. And also as far as the top assets in the world, I believe we're now number four. So did we just surpass Apple? Someone told me we were number four earlier. According to this chart, we're number five. So you guys verify that for me. Gold is currently 22.3 trillion market cap and still 10 times larger than Bitcoin's 2.2 trillion which makes Bitcoin the world's fifth largest asset according to the coin market cap data. And if you don't know now, you know next story of the day. The latest from the Giga Chad Mikey Sailor headline reads Michael Sailor has a new bitcoin prediction and is not 13 milli. That's right. Sailor believes Bitcoin will hit 13 million by 2045. But he also says that his company will become a 10 trillion dollar company and you know his big ideas to become the largest bitcoin bank in the world. And obviously he already controls a massive amount of the bitcoin supply. I think it's roughly 3%, just shy of what BlackRock has accumulated. But let's now dive deeper. Micro Strategy, now branded as Strategy B could soon be the most valuable publicly traded company on earth, according to its own analyst Jeff Walton. So shout out Jeffer. Quoting him here, Strategy will be the number one publicly traded equity in the entire market. He said in the to the Financial Times documentary Sailors 40 Billion Dollar Bitcoin Bet. His reasoning, Bitcoin, lots of it. He makes a good point. The company now holds 568840 biddy worth 59 billion. Good Lord, Michael. And Walton believes that the pile, the digital gold is unmatched. Quoting him here, Strategy holds more of the best assets and the most pristine collateral on the entire planet than any other company by multiples. It is not just the bitcoin stash, it's the ability to raise capital Fast. In late 2024, Strategy raised 12 billion in 50 days. Something Walton calls insane. I dare say insanity. Now Sailor, the company chairman and co founder Mikey Sailor is even more bullish. He told FT that he believes the company can 100x from here. MicroStrategy is in a position where we can grow from 100 billion enterprise to a 1 trillion enterprise to a 10 trillion enterprise that vision is tied directly to the bitty price. Sailor predicts bitcoin to hit 1 million within the next 10 years and 13 million per coin within the year 2045. If that happens, our company becomes the most valuable in the world, and there's no doubt he'll probably hit that target. Still, the risks aren't lost on Sailor. He emphasized, even if bitcoin were to crash 90% and stay down for years, we would still be stable. So take that bears. I mean, a lot of you guys are wishing on his demise and his company, but so be it. We'll see who gets the last laugh. MicroStrategy has a market cap of 117 billion. So to hit 10 trillion we need a 85x a moonshot, even by Bitcoin standards. Now if MicroStrategy was 85x, what do you think will happen to the bitcoin price? Let that sink in. But a bitcoin does reach the 13 million mark as sailor envisions, then maybe says maybe strategy won't be a bull bet. It'll be the biggest win in corporate history. So if strategy would to be valid, let's do some math at 10 trillion based solely on the current Bitcoin holdings of 568,000 each, Bitcoin would need to be worth 17.6 million per Bitcoin. That would place the crypto far beyond the current projections. Validating strategies long term bet on Bitcoin as the superior store value. So you already know and at the current price. I guess when this article was made we were only 104. So they would need 96 million bitcoin to be worth 10 trillion. Obviously. Hablas Espanol, Sprito Deutschlandos.
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Bitcoin price is up a little since then. To reach the 10 trillion valuation strategy would need to surpass every asset on earth except gold, beating Microsoft, Apple and Bitcoin itself. Good luck with that at 2 trillion because naturally the bigger strategy becomes the bigger bitcoin becomes and vice versa as it's ultimately a bitcoin treasury company. Now for our feature story of the day. $300,000 Bitcoin price by June is now the most popular call option. And here's the proof of work on that. And shout out vivc. He's a great account to be following on exa by the way. He, he's the one who shared this open interest by the strike price and there's actually an article surrounding it so I'm going to share this. The headline reads bitcoin price prediction June, which is next month, literally a week around the corner. Bitcoin option traders are betting big on the 300000 strike price by June of 27th. And as I pointed out a little earlier, there's this trader, legendary trader by the name of James Wynn and he says they're coming for me exactly as I expected. I ain't selling, I'm buying into them. Position value now 809 million. A massive 40x long. And he says the bulls are greater than the cabal. I couldn't agree more. And then he had to step it up again and he put Operation F the bears liquidate me B and he ultimately increases bitcoin long to 1.2 billion and he's basically daring the bears to liquidate him. Operation F the bears, I mean don't get no greater than that. So long live the king. Let's go bitty. But anyways, bitcoin price hit a new all time high of 112 yesterday. In fact, we did a bitty pump watch to celebrate. Let me know if you're on the live stream. There's a strong consensus right now amongst the experts the bitcoin still has substantial upside for the short term. It's going to be a hell of a bullish summer with 150 emerging as the plausible target for the second quarter. However, option traders are significantly more bullish with their bitty price predictions according to the Coin Glass data. Data don't lie. Drivets far out of the money. Bitcoin call option with a 300,000 strikey price expires on June 27th and it currently holds the highest open interest across all bitcoin options contracts. Let that one sink in. So despite the long shot, the bitcoin price rising to 300000 or more by June 27 literally a month out, is currently the most heavily backed bet in the options market. That means the bulls are betting their bitcoin on this particular target happening. Let me know if you agree, disagree. 300 GS that next month. Holl at your boy now. Derbit Bitcoin June 27 June 25 300,000 C is currently the largest single position in the bitcoin options market with 5 is that 5593 bitcoin worth of open interest? There's a lot of bets. Dribbit's Bitcoin call option with a strike price of 120,000 expiration date of June 27 comes in at a distant second. So again, the majority of the are all betting on $300,000 bitcoin by June 27th. If that comes into fruition, good lord, we're going up forever. Laura so for the uninitiated, call options are contracts that give traders the right but not the obligation to buy the bitcoin fix at a specific price by a specific date. Traders typically use them to bet that the bitcoin price w either rise and if the market price exceeds the strike price, the option can then be exercised for a profit. The bitcoin price exceeding 100,000 by June 27 is now nearly impossible. Despite the soaring global liquidity and easing financial conditions. However, it's likely traders are using the $300,000 Bitcoin call options as cheap lottery tickets. Given the low probability of bitcoin reaching 300,000, the premium on these contracts is currently very low. However, if Bitcoin were to surge rapidly to around 125 to 130 by the end of this month, within the next week, the value of these options could then spike, allowing Hodlers to sell them for a significant profit even if the strike remains far out of the money. Nevertheless, even the scenario paints an extremely bullish scenario for the biddy in the coming weeks. So let me know your thoughts and they also publish here realistic bitcoin price prediction. What's most likely expected by the end of the second quarter and we're only one month deep into the second quarter by the way, still got a bit to go. Ignoring the June 27th expiration date, Bitcoin call options with120,000 strike price currently have the highest open interest. Smart money investors are therefore betting heavily that the bitcoin price will far exceed 120 in the coming weeks. I'm a firm believer of that. I think that's easy peasy. However, global liquidity remains the best indicator for the biddy price trajectory. Quoting GMI, co founder of them2money supply, he says accurately predicted the April 7th bottom for Bitcoin. Now it's forecasting Bitcoin price will reach 160000 mark in the coming weeks. Well, here's the deal. 300,000 is a hell of a target. But if we fall short and only hit 160,000, are you going to be complaining? Bitty Broskis and Bitty baddies? Let me know.
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Quitting Rao Pal. Maybe, just maybe it was this easy. I'll chat more about it and drink with the Raul Raul. But anyways, there you have it. Yo. Let me know your thoughts on the 300000 biddy strike price for June 27th. I'll read your comments out loud. Welcome everyone to the Q A segment of the live stream. It's good to be here this beautiful fantastical day. And shout out Robbie P. We haven't played his classic in forever bitcoin slang. And if you don't know, now you know. Hey hey. Canceling how I break this bitcoin slang down. Check it, follow the money is my thought. There you go. Why are they betting on that? What do they know that we don't know? Are you referring to that those strike prices or that 1.2 billion $40x leverage from the historic trader Mr. Wins? Either way the bulls are in control. The bulls are bullish. We haven't seen this type of bullish momentum in forever. So game on. Next leg up in play price discovery. Send it. Make my motherfucking day. Just saying. Check it A bitcoin is a currency blockchain is technology transactions take place on it constantly. And don't forget to check the out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q and A. And I look forward to seeing you on tomorrow's episode Hoddle.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode: 2000: “$300,000 Bitcoin Price By June Is Now The Most Popular BTC Call Option”
Release Date: May 23, 2025
In this landmark Episode 2000 of the Crypto News Alerts podcast, host Justin Verrengia celebrates reaching two millennia of delivering daily cryptocurrency insights. Reflecting on seven years of consistent coverage, Justin underscores the show's commitment to providing premium crypto content, emphasizing Bitcoin's recent achievement of a new all-time high of $112,000. Justin sets an optimistic tone, hinting at ambitious targets and significant market movements in the episodes to come.
"This is a very special day it's episode 2000. That's right. This is CNA episode 2000." (00:58)
Justin begins with a comprehensive Market Watch, highlighting the current state of major cryptocurrencies:
He also notes Bitcoin's dominance at 63%, with Ethereum at 9%, and mentions top gainers like 4Coin, Bitget Token, and Hyper Liquidity.
"Bitcoin is now number four top rank Global assets." (05:15)
Justin delves into Bitcoin's Buyer Dominance, citing data from Crypto Quant which shows a 90-day cumulative volume delta favoring buyers. This indicates that more buy orders are being placed compared to sell orders, a positive signal for continued upward momentum.
"Buy orders have become dominant again. In other words, more buy orders are being placed in the market than the sell orders." (06:10)
He also references the Crypto Greed and Fear Index, pointing out that it's currently in extreme greed, often a precursor to a market pullback. Despite this, the overall weekly and monthly charts remain bullish, suggesting sustained positive trends.
"The price momentum increased after reclaiming the average cost basis for the bitcoin short term huddler cohort at just under 100 G's entities buying within the last six months." (06:22)
A significant portion of the episode focuses on institutional investments. Bitwise Research reports that $427 billion of institutional money is poised to purchase 4.2 million Bitcoin, creating a substantial supply shock in the market.
"Institutional money is about to buy 4.2 million bitcoin. The supply shock is real." (04:00)
Justin highlights that this influx positions Bitcoin as not just a speculative asset but a benchmark in traditional finance. With the successful launch of Bitcoin ETFs, institutional demand continues to rise, further cementing Bitcoin's status in the global financial ecosystem.
Justin shares news about London-based digital asset lender, Lendon, which is transitioning to a fully collateralized Bitcoin lending model, discontinuing support for Ethereum (ETH). This move aims to consolidate Lendon's Bitcoin-focused business and mitigate credit risks associated with ETH's volatility.
"Bitcoin was created as a direct response to the risk of fractional reserve banking... Bitcoiners instinctively reject that model." (09:15)
This strategic shift aligns Lendon with Bitcoin's foundational principles, emphasizing sound money over leveraged finance practices prevalent in traditional banking.
The podcast highlights robust inflows into US-listed Bitcoin ETFs, with over $1.5 billion entering these funds within a two-day span. This surge is projected to push monthly ETF inflows to a record $6.68 billion, surpassing the previous record of $6.49 billion set in November 2024.
"The US listed spot Bitcoin ETF recorded more than 1 1/2 billion in combined inflows over the two day period." (10:45)
Justin suggests that these inflows are a testament to growing institutional appetite, potentially driving Bitcoin's price to $230,000 and beyond.
A substantial segment is dedicated to Michael Saylor, CEO of MicroStrategy, and his bullish stance on Bitcoin. Saylor forecasts Bitcoin reaching $13 million by 2045 and envisions MicroStrategy evolving into a $10 trillion company through its extensive Bitcoin holdings.
"Strategy holds more of the best assets and the most pristine collateral on the entire planet than any other company by multiples." (12:15)
Justin scrutinizes these predictions, noting that for MicroStrategy to achieve a $10 trillion valuation solely based on its Bitcoin holdings, Bitcoin would need to soar to $17.6 million per coin—far exceeding current projections.
"If strategy would to be valid, let's do some math at 10 trillion based solely on the current Bitcoin holdings of 568,000 each, Bitcoin would need to be worth 17.6 million per Bitcoin." (12:50)
Despite skepticism regarding the feasibility of such exponential growth, Justin acknowledges the unwavering confidence Saylor has in Bitcoin's future.
The highlight of the episode is the feature story on the most popular Bitcoin call option: a $300,000 strike price expiring June 27th, with the highest open interest in the options market.
"Bitcoin call option with a 300,000 strike price expires on June 27th and it currently holds the highest open interest across all bitcoin options contracts." (23:03)
Justin explains that while reaching $300,000 by mid-June is highly ambitious, the prevalence of these call options suggests that many traders are positioning for a significant upward surge. He characterizes these options as "cheap lottery tickets," offering substantial profits if Bitcoin experiences a rapid price increase.
Notable trader James Wynn is featured, boasting a $1.2 billion Bitcoin long position, defying bearish sentiments and exemplifying bullish confidence.
"Operation F the bears liquidate me B. Gotta love it." (23:00)
Justin emphasizes the bullish sentiment driving these unprecedented option bets, suggesting that even if the $300,000 target isn't met, substantial gains are still anticipated.
In the concluding Q&A segment, Justin engages with listeners, addressing queries about the plausibility of the $300,000 Bitcoin target and dissecting the motivations behind such aggressive betting. He reiterates the strong bullish momentum, encouraging listeners to stay informed and active in the market.
"The bulls are bullish. We haven't seen this type of bullish momentum in forever. So game on. Next leg up in play price discovery." (28:28)
Justin wraps up by inviting listeners to participate in future live streams and stay connected through the Crypto News Alerts platform for ongoing updates and discussions.
Bitcoin's Market Position: Maintaining strong dominance and market cap, with sustained bullish momentum despite minor pullbacks.
Institutional Influx: Significant institutional investments poised to create a supply shock, reinforcing Bitcoin's status as a financial benchmark.
Strategic Shifts: Companies like Lendon moving exclusively towards Bitcoin custody, aligning with Bitcoin's foundational principles.
Ambitious Predictions: Michael Saylor's bold forecasts, though requiring unprecedented Bitcoin price surges, highlight unwavering institutional confidence.
Option Market Betting: The unprecedented popularity of $300,000 Bitcoin call options by June signifies a high level of bullish speculation within the trader community.
This episode encapsulates a highly optimistic outlook on Bitcoin's trajectory, driven by institutional investments, bullish trader sentiment, and strategic shifts within the crypto lending landscape. Whether Bitcoin will reach $300,000 by June remains to be seen, but the prevailing enthusiasm within the market suggests substantial growth potential in the coming months.