Bitcoin News
By Sakamoto Nashi
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Options Market Turns Bullish for First Time in a Year. Here's where it gets interesting. The 25-delta skew — basically a measure of how much traders are…
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Clarity Act Adds Regulatory Uncertainty. Layered on top of all this is the Clarity Act, which is working its way — slowly — through Congress.
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Bitcoin crossed $70,000. It didn't ease into it — the move came fast, pulling the asset up from around $60,000 just a month earlier.
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The backdrop isn't exactly comfortable. Long-term Treasury yields are pushing toward 5%, which is the kind of environment that tends to squeeze speculative assets.
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Still 50% below its October 2025 peak above $126,000.
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That number matters. The rally feels big from $60,000 to $70,000, but zoom out and Bitcoin is still deeply off its highs.
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Here's where it gets interesting. The 25-delta skew — basically a measure of how much traders are paying for call options versus puts — turned positive for the first time in…
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December options are showing heavy open interest at $80,000 and $100,000 strike prices. That's a lot of positioning for a continued move higher. And it's not just derivatives.
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See also: Letitia James Leads 17 AGs to Block Crypto Clarity Act Vote in Senate
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The optimist case is basically this: structural demand for Bitcoin is improving, the ETF wrapper made it easier for big money to get in, and the options market is finally…
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Layered on top of all this is the Clarity Act, which is working its way — slowly — through Congress. The bill would define digital tokens as either securities or commodities.
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The catch: the Clarity Act probably won't pass. Opposition is real, procedural delays keep piling up, and the Senate vote is still uncertain.
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Read also: Senates CLARITY Act Faces Critical Vote After Intense Bipartisan Negotiations
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And there's one more wrinkle. Some market participants are watching for potential Treasury buybacks aimed at managing yield levels.
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So Bitcoin sits at $70,000 with a Fed decision ahead, a congressional bill in limbo, Treasury yields threatening to push higher, and an options market that's more bullish than…
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