It seems like new Bitcoin investors who ‘bought the dip’ during the first quarter of this year are now taking home some profits, while long-term investors are still holding $BTC close to their chest.
Bitcoin’s options Delta skew currently stands at -6%, which means market participants are preferring calls over puts, indicating bullish sentiments.
A skew closer to 0 indicates balance between calls and puts, while a skew lower than 0 is a trademark of bullish markets.
Additionally, corporations are racking up Bitcoin by the minute. Michael Saylor’s Strategy acquired $427M worth of $BTC on May 19 and May 25 at an average price of $106.2K. Clearly, the demand for Bitcoin hasn’t subsided even after it breached $105K.
After all, it’s a nearly 50% upward move. Plus, the token happens to be around its previous all-time high, which is always a cautionary level.
However, long-term investors aren’t yet selling their holdings, which is just what long-term Bitcoin supporters might want to hear.
In addition to receiving ‘digital gold’ as a reward for holding, BTC Bull Token investors also stand to benefit from potential gains in the token’s value, just by buying and holding through Best Wallet.
In a $BTC bull run, where crypto traders will want to buy $BTCBULL for its free Bitcoin airdrops, this will contract supply and shoot up the token’s demand and price.
$MIND works by studying current social trends and market sentiments by interacting with the crypto community on online platforms like X.
Well, Bitcoin Pepe wants to bring all of Solana’s benefits to Bitcoin. It will, in fact, combine Bitcoin’s unmatched liquidity and security with Solana’s speed and low fees to create a house party for meme coins on Bitcoin itself.
Self-proclaimed as the ‘World’s Only Bitcoin Meme ICO,’ $BPEP is currently in presale, where it has raised a whopping $11.6M.
If you want to become an early investor in Bitcoin Pepe, you can do so for just $0.0377 per token. However, keep in mind that the presale is ending in less than 4 days from now.
However, as is usually the case in crypto, your investments are subject to the market’s mood, which we all know is highly volatile and unpredictable.
So, invest only what you can afford to lose and do your own research before jumping in. This article isn’t financial advice, after all.
