Bitcoin Price Rises Amid Record ETF Inflows and Strategy Buying
The Bitcoin price finished last week at $83,476, up 2.3% on the week and roughly two-thirds of its record $87,392 high on Monday.
The price was driven by a combination of factors, including a record $2.39 billion in ETF inflows, strategy buying after a three-week pause, and liquidation of perpetual shorts above $84-85k.
Implied volatility fell to meet realized, leaving no premium for sellers, making options the cheapest they've been this series.