According to ChainCatcher, Bitcoin options market prices only 25% probability for BTC to break above $84,000 by end of May, despite a 15% rally over the past 30 days. May 29 expiry call options with $84,000 strike price are trading at 0.0136 BTC, or approximately $1,063. However, spot Bitcoin ETF inflows and corporate purchases signal stronger institutional demand. U.S.-listed spot Bitcoin ETFs recorded $1.3 billion net inflows in March and $2 billion in April, pushing total assets under management above $100 billion.
Multiple listed companies have also significantly increased Bitcoin reserves over the past 30 days, including Strategy’s 56,235 BTC and Metaplanet’s 5,075 BTC. These purchases exceed projected Bitcoin mining output for the next five months, reducing potential selling pressure.
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