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![Ether options trading volume on CME hits new peak in May](https://img.bgstatic.com/multiLang/image/social/3b04f7c919b21ca8a7bc318bf34f11431716986542484.jpg)
According to data from The Block, the monthly trading volume of CME options on ether futures reached an all-time high in May.Ether implied volatility has experienced a notable surge alongside spot ether ETF news.
![Why Is The Crypto Market Up Today?](https://img.bgstatic.com/multiLang/image/e402ac67377680e029d375565d42f8001716983753200.jpg)
![Bitcoin Price Prediction as Bulls Defend $67,000 Level – Time to Buy?](https://img.bgstatic.com/multiLang/image/3242c1784267931a6ff8f8391b1310ff1716982037338.jpg)
![Long-term bitcoin holders reaccumulating for first time since last December: Glassnode](https://img.bgstatic.com/multiLang/image/822a4565347743a07314fa36827e48511716977594179.jpg)
According to a Glassnode report, selling pressure from long-term bitcoin holders has cooled significantly — and such investors are returning to accumulation patterns.Analysts also noted that bitcoin’s price action over the past three months has been more muted than previous bull cycles.
![Spot bitcoin ETFs see 11 straight days of net inflows as BlackRock’s IBIT claims top spot](https://img.bgstatic.com/multiLang/image/f15f758ee96674b349d5e1867eb66d541716971956302.jpg)
U.S. spot bitcoin ETFs recorded $45 million worth of net inflows on Tuesday, marking their 11th consecutive day of inflows.BlackRock’s IBIT became the largest spot bitcoin fund in terms of net asset value, overtaking Grayscale’s GBTC.
- 02:28Market dynamics on February 17: BTC and altcoins generally decline; BSC chain becomes the main market trend, transaction fee surpasses ETH chain for the first timeMarket Dynamics BTC declines, with altcoins broadly falling. The main focus in the market is on the BSC chain. U.S. stocks fluctuate, and the U.S. Dollar Index drops. Market Focus On the BSC chain, CAKE, XVS, COOKIE, BNBXBT, and SHELL all rise, marking the first time last week that BSC's transaction fees exceeded those of the ETH chain. The SOL series weakens across the board, with a significant unlocking event of $2.2 billion due at the beginning of March. Chain liquidity was again drained by $100 million, evolving from day-long pumps to half-hour sprints, marking the regression of the SOL chain into a PvP chain since the involvement of TRUMP, MELANIA, CAR, and LIBRA. The older cryptocurrency XRP rises as its ETF application documents are confirmed.
- 02:13Michael Saylor: Will continue to acquire Bitcoin, will not face risks due to price fluctuations, the opportunity of hundreds of billions of dollars lies in Layer3PANews reported on February 17th, according to Wu's report, Michael Saylor, the founder of Strategy (formerly MicroStrategy), said in an interview with the media: "We will continue to develop Bitcoin and regard it as a 'digital Manhattan' - a digital asset. We will continue to acquire Bitcoin and then use it as collateral to start other businesses. As the price of Bitcoin rises, we will continue to do similar things while also seeing new opportunities." In addition, regarding the view that "MicroStrategy may face risks if its average purchase price for Bitcoin exceeds $150,000", Michael Saylor disagreed because most of the company's Bitcoins were acquired through equity. The Bitcoins owned by them serve as collateral which is 15 times their debt. Moreover, their debt is non-recourse with a term exceeding four years; meaning even if Bitcoin plummets by 98%, they would not face liquidation risk since what they own is permanent capital. Michael Saylor stated that he does not focus on bitcoin price cycles and believes that over the next 21 years, bitcoin will rise an average of 29% per year; based on this benchmark, by 2045 each bitcoin would be worth $13 million dollars. He also mentioned that MicroStrategy won't lend or pledge bitcoins for interest in future and expects us to go from initially only having few companies adopting bitcoin standard developing into dozens or hundreds eventually thousands joining. Regarding whether he would develop a second layer network for Bitcoin, Michael Saylor said his company would first observe market developments and believes MicroStrategy can be seen as already operating on three layers of Bitcoin. He stated: "In future solutions like Lightning might succeed but I believe current real billion-dollar opportunity lies at third layer." Regarding his views on other cryptocurrencies Michael Saylor said: "Why hold onto something second best? You just need one best thing and that’s what bitcoin is."
- 02:08The MELANIA team tokens will begin to unlock on the 19th: accounting for 3% of the total, worth 39 million US dollarsGolden Finance reports that according to Ember monitoring, the MELANIA team's tokens will begin to unlock from 1/19 to 20: a total of 3% (30 million) of MELANIA worth $39 million will be unlocked. According to the unlocking rules of MELANIA, the team's tokens have only a 30-day lock-up period. When it reaches 30 days, 3% is unlocked and then every month for the next twelve months, an additional 2.25% is unlocked.
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MoreMarket dynamics on February 17: BTC and altcoins generally decline; BSC chain becomes the main market trend, transaction fee surpasses ETH chain for the first time
Michael Saylor: Will continue to acquire Bitcoin, will not face risks due to price fluctuations, the opportunity of hundreds of billions of dollars lies in Layer3