UBS Group increases spot Bitcoin ETF holdings to 2.5 million shares

On Friday, BTC and ETH options expired, with BTC's nominal open interest contracts of approximately $1.28 billion and a maximum pain point of $64000. Call options were concentrated at $68000 and $70000 to $72000; The nominal open interest contract for ETH is approximately $161 million, with a maximum pain point of $1900. Call options are concentrated at $1950 and $2000, while the open interest contract ratio for BTC put/call options is 0.85 and ETH is 0.94.

Bitwise Chief Investment Officer Matt Hougan stated that there are two mistakes when evaluating DeFi applications: one is mistaking the $2 trillion cryptocurrency market for the target market, when in fact the target is the $500 trillion asset market; The second is underestimating the ability to capture the value of transaction fee income. Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and other projects have larger TAMs and stronger pricing power than expected.

Bitcoin fell below $63000, and the cryptocurrency market experienced $48 million in liquidation within the past hour, with multiple liquidation amounts reaching $45.7 million. （Cointelegraph）

According to Bloomberg, World Liberty Financial and its partners have postponed the sale of digital tokens related to the Trump branded Maldives resort. The token was originally planned to be launched this spring, and investors can obtain partial income rights to fund the resort's loan project after purchasing it. The Iran War has affected travel activities in the Middle East and surrounding areas.

OKX-BTC/USDT is currently trading at $62978.70, with a 5-minute decline of 0.62%. Please pay attention to market fluctuations.