CryptoQuant CEO Ki Young Ju says Bitcoin’s main threat is prolonged stagnation, not a sudden crash, and argues Strategy’s continued buying cannot replace a fresh market narrative.
Bitcoin traders piled into $100k strike January call options on Deribit, with open interest jumping 420 BTC in 24 hours. QCP Capital warns a move above $94k could amplify bullish gamma effects.
Arkham data shows Bhutan moved nearly $37 million in Bitcoin in one day after another $72 million last week. The country still holds about 4,453 BTC worth roughly $317 million.
Blockchain data shows Bhutan stepped up Bitcoin sales in March, with net outflows of ~$120M. Holdings fell to ~4,453 BTC as the government used small, staggered transfers to limit market impact.
SGX Derivatives will launch Bitcoin and Ether perpetual futures on November 24, 2025, using exchange clearing and margining standards and benchmarked to iEdge CoinDesk Indices. Industry players call it a milestone for regulated crypto access in Asia.
On-chain data shows Bhutan’s state fund sending Bitcoin to Binance and QCP Capital-linked addresses, with holdings dropping to 4,453 BTC from more than 13,000 BTC months earlier.
Michael Saylor defended Strategy’s Bitcoin-funded capital model after STRC dropped below its $100 par value, while critics raised legal and structural concerns over the company’s financing approach.
Reports of a US-Iran memorandum lifted risk sentiment, sending S&P futures higher and oil lower, but Bitcoin remained below $66,000. QCP Capital linked the weakness to concerns over possible Strategy-related BTC sales and lingering uncertainty around Federal Reserve policy.
