Bitcoin price stalled as traders consider the impact of Friday’s $14 billion options expiry, but data does show some bullish traders positioning for higher prices.
Key takeaways:
Friday’s $14 billion BTC options expiry favors neutral-to-bearish bets as most call (buy) strikes sit above $91,000, increasing pressure on bulls.
Bitcoin traders added year-end call options near $100,000 despite recent losses, showing that bullish expectations persist.
Read more



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more