Record Inflows And Bitcoin Surge Mark Strong Week For Digital Asset Investments
Last week witnessed a remarkable surge in digital asset investment products, with inflows reaching the second-highest weekly total on record at $1.84 billion. Https://twitter.com/WuBlockchain/status/1764620997939069386?t=DYQQp5d9I26M0ZLVrxE6SA&s=19 The trading volumes in these investment products soared to unprecedented levels, surpassing $30 billion, while total assets under management approached an all-time high of $82.6 billion. Bitcoin, the flagship cryptocurrency, surged past the $65,000 mark today, coming within $4,000 of its all-time high of $69,044 set on November 10, 2021. The options block market saw significant activity over the weekend, with buy calls dominating nearly all orders, totaling over $5 million. https://twitter.com/WuBlockchain/status/1764520214643999071?t=m89rGfXwUI8E_9-_FTI2sg&s=19 Monday witnessed another record high for bitcoin prices, with a notable increase in short-term bull spreads trading, pushing the ultra-short-term implied volatility close to 80%. The market sentiment is robust, reflecting a strong inclination towards further investment and entering the FOMO (Fear of Missing […]