4E: $4.3 billion Bitcoin options expiration approaches, market bullish sentiment rises

ChainCatcher news reports that according to 4E observations, after Oracle (ORCL) released positive news on Thursday, the price of Bitcoin surged to $114,000, reaching a two-week high. The market anticipates that the $4.3 billion BTC options expiring on Friday could serve as an important catalyst for further price increases. In this option cycle, the value of put contracts is $2.35 billion, while the value of call contracts is $1.93 billion. However, as BTC has rebounded from its early September low, bullish positions are gradually gaining the upper hand. Some analysts expect that if the trend continues, BTC could challenge the $120,000 mark.

On the U.S. regulatory front, Senate Democrats recently released a framework for the "Crypto Market Structure Act," which has elicited optimistic responses from the industry and Republican leaders. This framework emphasizes token jurisdiction, trading platform regulation, and the allocation of enforcement resources, indicating an expansion of bipartisan cooperation. Senator Lummis stated that this is a positive step in the bipartisan effort for crypto legislation.

Asset management giant BlackRock plans to launch a Bitcoin ETF in the UK next month, continuing its global expansion. A recent report from JPMorgan also pointed out that institutional adoption is still in its early stages but is gaining momentum, with CME crypto derivatives positions reaching an all-time high.

The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, reminded that currently only "recognized providers" can issue regulated stablecoins, and investors purchasing unlicensed stablecoins must bear the risks themselves.

4E advises investors: The expiration of derivatives and policy expectations may amplify short-term volatility, and investors should pay attention to macro and regulatory signals while cautiously managing their positions.