Chart of the Week: '10x Money Multiplier' for Bitcoin Could Take Wall Street by Storm
Publicly traded firms relentlessly buying bitcoin for their balance sheet could result in 'significant buy pressure.'
"There are always folks that want the hyperinflation hedge," one observer said, explaining the solid open interest build up in the $300K call option expiring on June 26.
In the past 12 hours, the main buyers' large orders had a transaction volume of $77.54 million, far exceeding the $75.7 million sold large orders, with a net inflow of $69.97 million, showing a strong willingness to go long. The maximum single transaction amount reached $20.97 million, indicating that the bulls are gradually attracting funds. However, the current K-line is in a flat top shape, and prices are constrained by the EMA24/52 moving average, so it is still necessary to observe the direction of breakthrough in the short term. From a technical perspective, RSI has broken through the upward trend line, and with the influx of major orders, the rebound signal is gradually strengthening. But the trading volume has shrunk to 43.55% of the average level, and there is insufficient market interest, so we need to be alert to the risk of market changes. Open a membership, grasp the main fund trends in the first time, and accurately capture buying and selling opportunities! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
According to BlockBeats, on May 5th, Musk replaced his X avatar with a "gork" themed Meme image.
OKX-CORE's current price is $0.6651, a decrease of 9.63% after 24 hours. 24-hour transaction volume of 37.64 million US dollars, an increase of 55.2%, for reference only
Odaily Planet Daily News: According to official announcements, Binance will adjust the leverage and margin levels of 10 USD Ⓢ - M perpetual contracts, including SXPUSDT and EGLDUSDT, on May 9, 2025 at 06:30 (UTC), and adjust 8 contract parameters, including 1000RATSUSDT and VANASUDT, at 07:30 (UTC). Existing positions will be affected. It is recommended that the user adjust the strategy in advance. (This news is generated with AI assistance)