龚有柴GongYouchai|5月 03, 2026 01:01
Weekend vibes, keeping it short and sweet.
Two things worth highlighting:
First, White House crypto advisor Patrick Witt has hinted that the long-rumored crypto market structure bill might move forward this month. If passed, it essentially opens the front door for institutional funds. The money that’s been waiting for regulatory clarity to enter the market might actually start moving.
Second, BTC is currently hovering around $78,400, with options expiring today. The max pain point is right at $78,000. Interestingly, the call/put ratio is 58% to 42%, leaning bullish. CME futures open interest has also increased by 6% in the past 24 hours, showing institutions are adding positions rather than exiting.
BTC has already gained 17% over the past month and is now stuck just below the psychological $80,000 level. If it can ride the wave of regulatory optimism and break through, the next target is $85K-$90K. Short-term volatility is inevitable, but the overall trend remains bullish.
Fewer people are watching the market over the weekend, which ironically makes it easier for a breakout. Keep an eye on the price action tonight through tomorrow morning.
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