PANews reported on December 26 that despite the plan of MicroStrategy, which hoards Bitcoin, to issue shares that would enable it to buy more Bitcoin, Bitcoin still fell today, falling about 3% to $95,420 during the session. Some traders warned that the market could become volatile in the coming day due to the large expiration of open positions in Bitcoin and Ethereum derivatives. On Friday, a record $43 billion in open contracts will expire on the derivatives exchange Deribit, including $13.95 billion in Bitcoin options and $3.77 billion in Ethereum options.
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Bitwise applies to the US SEC for a Bitcoin Standard ETF