on January 26th, the founder of the on-chain option protocol Derive, Nick Forster, stated in his analyst report on January 25th that the Trump administration's executive order is to evaluate digital asset reserves, rather than focusing on strategic reserves of Bitcoin, which has suppressed short-term bullish expectations for Bitcoin. The market believes that there is limited upside potential for this asset in the short term, possibly because there is no specific BTC reserve announcement. Forster pointed out that on January 24th, 83.3% of the Bitcoin options contracts on the Derive platform were sold as call options, which means that the expected Bitcoin price will remain unchanged or fall. He said: If there are no practical measures such as establishing national reserves, the market will not buy into it. (Cointelegraph)
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