Bitcoin’s sharp price drop: Bitcoin recently dropped from 101,430 USD to 94,200 USD, leading to 2.9 billion USD in liquidations. This reflects significant market volatility, impacting traders due to sudden price movements. Institutional investors have continued to increase their Bitcoin holdings, despite the downturn, indicating confidence in a future rebound.

Options market Optimism for Bitcoin: Despite the challenges, the options market forecasts Bitcoin reaching 111,000 USD by February 2025. This Optimism is reflected in the futures market where a premium over spot prices suggests a robust outlook. Institutional players’ strategic purchases, like MicroStrategy and Marathon Digital, also demonstrate strong market interest.