Main Password: US ETF shows net outflow, BTC main trading exceeds $700 million, betting on this direction

Odaily Planet Daily News: Galaxy has disclosed data on the X platform that since 2021, the number of Bitcoin L2 projects has increased sevenfold, from 10 to 75. Since 2018, Bitcoin L2 has received investments of $447 million, a trend that is changing the utility of BTC. In addition, the Bitcoin L2 project has achieved unprecedented growth, receiving 36% of venture capital funding in 2024 alone. It is expected that by 2030, BTC worth over $47 billion will be able to connect to L2, providing support for DeFi, homogeneous tokens, payments, and more.

Bitcoin’s price has declined by over 3% in the past 24 hours.According to Standard Chartered’s Geoff Kendrick, bitcoin’s price decline from its recent all-time high can be attributed to shifts in U.S. Treasury markets, which could temporarily weaken its appeal as a hedge.

JUST IN: 310,000,000 liquidated from the cryptocurrency market in the past 12 hours.

Odaily Planet Daily News: Grayscale announced in an article on X platform that it has now opened 17 tokens for private subscription to qualified investors, namely AAVE AVAX BAT BCH TAO LINK FIL LTC LPT MKR NEAR SOL STX XLM SUI XRP ZEC. According to its official disclosure, Grayscale will occasionally reopen private subscription to qualified investors based on net asset value (NAV).

Odaily Planet Daily News: According to Adam, a macro researcher at Greeks.live, there have been massive block trades in the Bitcoin options market, with over 6000 BTC worth of Bitcoin block trades completed since 21:00 at night. The total number of block call option trades for the day has exceeded 120 million US dollars. Among them, nearly 5000 BTC were traded for active call options on December 27th, ranging from $92000 to $100000, and this buying behavior is still ongoing. In addition to a high number of purchase orders, the premium for this wave of purchases is significantly higher than usual, about twice the premium cost for stocking. The giant whale is taking action, and the big market may be right in front of us.