Long

Bitcoin

Daily

<p>The <a href="https://coinpedia.org/news/crypto-price-today-nov-21st-2024-bitcoin-hits-fresh-ath-bch-bsv-follow-btc/" target="_blank" rel="noreferrer noopener">cryptocurrency market</a> is buzzing as Bitcoin (BTC) edges closer to the<a href="https://coinpedia.org/news/polymarket-predicts-bitcoins-odd-of-72-hitting-100k-by-november-heres-why/" target="_blank" rel="noreferrer noopener"> $100,000 milestone. </a>At the center of the action, traders are ramping up high-risk strategies tied to MicroStrategy (MSTR), hoping to amplify their gains. With <a href="https://coinpedia.org/news/microstrategy-enters-top-100-u-s-public-companies-by-market-cap-the-bitcoin-effect/" target="_blank" rel="noreferrer noopener">MicroStrategy</a> holding an impressive 331,200 BTC, worth over $3 billion, its impact on this historic rally is hard to ignore.</p>   
<p>Read on for all the details. </p>   
<h2 class="wp-block-heading" id="h-mstx-etf-a-high-risk-gateway-to-bitcoin">MSTX ETF: A High-Risk Gateway to Bitcoin</h2>   
<p>One standout tool fueling the frenzy is the Defiance Daily Target 2X Long MSTR ETF (MSTX). This leveraged ETF tracks MicroStrategy’s share price at twice its daily performance, providing traders with a way to double their exposure. Recently, MSTX jumped 20%, briefly surpassing $180, while MicroStrategy’s own shares rose 31% to $473.</p>   
<p>For those looking to amplify their Bitcoin exposure, MSTX offers a high-stakes opportunity, driven by MicroStrategy’s massive Bitcoin reserves.</p>   
<h2 class="wp-block-heading" id="h-options-frenzy-big-bets-on-mstx">Options Frenzy: Big Bets on MSTX</h2>   
<p>Traders are also flocking to options tied to MSTX, buying deep out-of-the-money (OTM) call options with a $230 strike price. These speculative bets aim to profit from a significant price surge.</p>   
<p>Deep OTM call options allow traders to control large positions with minimal upfront costs. While the potential rewards are enormous, these options carry substantial risks, as they could expire worthless if price targets aren’t reached. </p>   
<p>Traders are locking in expiration dates as far out as June 2025, showing confidence in Bitcoin’s long-term potential.</p>   
<p><strong>Speculation Beyond MicroStrategy</strong></p>   
<p>This aggressive trading isn’t limited to MicroStrategy. Similar speculative activity is visible on platforms like CME, Deribit, and options tied to <a href="https://coinpedia.org/news/blackrocks-1-9-billion-etf-debut-on-very-first-day-spark-massive-bullish-run-btc-eyes-100k/" target="_blank" rel="noreferrer noopener">BlackRock’s Bitcoin ETF.</a> While this optimism reflects strong market sentiment, it also signals the possibility of corrections, as excessive speculation has historically preceded pullbacks.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-powers-ahead">Bitcoin Powers Ahead! </h2>   
<p>Bitcoin’s rally is being fueled by a mix of political and economic factors. Optimism about pro-crypto policies under Donald Trump’s incoming administration has energized traders. At the same time, the Federal Reserve’s recent rate cuts have renewed interest in riskier assets, pushing Bitcoin to new heights.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732185672872">
  <strong class="schema-faq-question">What is the highest Bitcoin price prediction?</strong> 
  <p class="schema-faq-answer">The highest Bitcoin price prediction varies, but some analysts and enthusiasts foresee BTC reaching <strong>$1 million or more</strong> in the long term, driven by factors like limited supply, institutional adoption, and macroeconomic trends.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732185886521">
  <strong class="schema-faq-question">What is the highest price of BTC till now?</strong> 
  <p class="schema-faq-answer">The highest price of Bitcoin (BTC) ever recorded was <strong>$97,892</strong> on <strong>November 21, 2024</strong>, during a historic bull run fueled by institutional adoption and pro-crypto sentiment.</p> 
 </div> 
</div>   
<p><strong>In the high-risk, high-reward world of crypto, Bitcoin’s climb to $100K may be the most daring gamble yet.</strong></p>

Bitcoin Nears $100K: How Crypto Traders Are Using MicroStrategy for Huge Gains

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