Bitcoin Rally Accelerates, But BTC Options Doubt $84K Is Possible
Key takeaways: Bitcoin options markets price in low odds of BTC reaching $84,000 in May, while the monthly futures basis rate reflects weakness. Significant Bitcoin accumulation by listed companies and rising spot Bitcoin ETF inflows absorb mining supply, reducing the impact of potential selling. Bitcoin (BTC) reclaimed the $78,000 level amid broader risk-on sentiment, as…