Bitcoin under pressure at $87,000, $30 billion options settle on Friday; Japanese company benchmarks MicroStrategy, vows to acquire 210,000 BTC

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【Crypto World】Under the dual pressure of continuous outflows from spot ETFs and light holiday trading, Bitcoin's price is stuck at $87,472, still short of the $90,000 mark.

Even more concerning, Bitcoin options worth $30.3 billion are set to expire this Friday. A large number of call options with strike prices of $100,000 and $200,000 are already in the money, which could trigger a new round of market volatility and capital reshuffling.

However, amidst this gloom, signals of long-term institutional accumulation continue to flicker. Japanese listed company Metaplanet has received unanimous shareholder approval to expand its Bitcoin holdings to 210,000 coins by 2027. The company currently holds 30,823 BTC and plans to achieve this gradually through a $5.4 billion warrants financing plan.

This approach is very similar to MicroStrategy's strategy—using a combination of financing and periodic purchases to accumulate Bitcoin assets over the long term. Institutional confidence and retail investor anxiety are playing out on both ends of the market.

BTC-0.21%
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