After a dull start to the month of February, the inflows in spot Bitcoin ETFs have skyrocketed once again! On Tuesday, February 13, the collective inflows<\/a> at all of the nine spot Bitcoin ETFs shot up to a staggering $631 million. This was probably the largest single-day inflow since the launch of Bitcoin ETFs last month.<\/p>\n As per data<\/a> from Farside investors,\u00a0 BlackRock\u2019s iShares Bitcoin ETF (IBIT) alone registered a staggering inflow of $493 million on Tuesday. BlackRock has been leading all its competitors by a wide margin! Fidelity recorded the second-best inflows on Tuesday at $163 million.<\/p>\n <\/p>\n On the other hand, the GBTC outflows have also slowed down and have remained under $100 million over the past three days this week. So far, the net inflows into Bitcoin ETFs stand at $3.7 billion. Asset management giant BlackRock has witnessed $4.6 billion in net inflows while GBTC has seen $6.5 billion in net outflows.<\/p>\n On Monday, February 12, spot Bitcoin ETFs acquired approximately 10 times more Bitcoin than what miners generated. Initial data indicates that spot Bitcoin ETFs received at least $493.4 million, equivalent to about 10,280 BTC. Meanwhile, Bitcoin miners produced<\/a> around 1,059 BTC valued at roughly $51 million on the same day, representing only 10% of the amount accumulated by spot ETFs.<\/p>\n <\/p>\n Bitcoin call options set to expire at the end of February are focusing on strike prices surpassing the $50,000 level. This is despite the cryptocurrency dipping below<\/a> this mark on Tuesday following the release of fresh U.S. inflation data.<\/p>\n <\/p>\n Deribit data reveals a significant accumulation of open Bitcoin call options at strike prices of $60,000, $65,000, and $75,000 as the end-of-month expiry on February 23 approaches.<\/p>\n Jag Kooner, Head of Derivatives at Bitfinex, noted that as the market attempts to surpass the crucial $50,000 psychological threshold, numerous bullish traders with long-term perspectives are acquiring inexpensive call options set at strike prices significantly above the current Bitcoin levels.<\/p>\n <\/p>\n The clustering of Bitcoin call options at the $60,000 strike price and beyond indicates a notable portion of market participants harboring a distinct interest or anticipation of Bitcoin\u2019s price surpassing this level before the upcoming end-of-month expiration date.<\/p>\n He further added that the market remains heavily biased towards the longs. \u201cThe current overall open interest spread is biased towards calls at a 0.47 put-call ratio. The overall market put-call ratio in the past 24 hours is 0.60. A ratio of 0.59 based on options expiring on February 23 extend the current trend,\u201d he said.<\/p>\n <\/p>\n \u2713 Share:<\/p>\nBitcoin ETFs See Record Inflows<\/h3>\n
Bitcoin Options Data Hint Rally to $60,000<\/h3>\n
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