Chart Talks:After BTC Break $69k, MARA Targets $22, & COIN Option IV Jumps

Ryan_Z0528
10-17

$Bitcoin(BTC.USD.HKCC)$ has stand on $69,000.

The market seems to be looking forward to Trump's coming to power, including a $Bitcoin(BTC.USD.CC)$ wave of bullish after the election results.

According to a recent report from a16z, cryptocurrency adoption continues to grow globally, with the total number of cryptocurrency holders now reaching 617 million. However, only about 60 million of these holders use cryptocurrency on a monthly basis.

The gap is significant, but it also means there is a huge opportunity to activate more holders.

On Wednesday’s options volume leaderboard, $Coinbase Global, Inc.(COIN)$ , $Marathon Digital Holdings Inc(MARA)$ all ranked in the Top 10.

The expectation for Coin in the options market is that in the next 30 days, the price of $Coinbase Global, Inc.(COIN)$ will fluctuate up or down by 20%, the largest volatility bet since May.

The big players in the market also recognize the financial data of $Coinbase Global, Inc.(COIN)$

$Coinbase Global, Inc.(COIN)$ ‘s non exchange business is becoming a pretty big business.

For $Marathon Digital Holdings Inc(MARA)$ , the current price is $18. The chart from Jake Wujastyk, a well-known technical analyst on the X platform, gives me the information that after reaching $17.69, there are not many locked-in shares above, and it feels easy to break through. Is the interim target price above $22?

Personally: I still holding $Trump Media & Technology(DJT)$ , $Tesla Motors(TSLA)$ , $Marathon Digital Holdings Inc(MARA)$ , $SUPER MICRO COMPUTER INC(SMCI)$ with a 88% return in recent month.

For the coming weeks, i will continue to add my positions on $Marathon Digital Holdings Inc(MARA)$

As for the $Bitcoin(BTC.USD.CC)$ ETFs, the $iShares Bitcoin Trust(IBIT)$ is the most active with the best trading volumes.

For references only:

$Grayscale Bitcoin Trust(GBTC)$ , $Fidelity Wise Origin Bitcoin Fund(FBTC)$ , $ARK 21SHARES ACTIVE ON-CHAIN BITCOIN STRATEGY ETF(ARKC)$ $Bitwise Bitcoin ETF(BITB)$

$ProShares Bitcoin ETF(BITO)$ $VanEck Bitcoin Trust ETF(HODL)$ $Valkyrie Bitcoin Fund(BRRR)$ $Invesco Galaxy Bitcoin ETF(BTCO)$

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