MicroStrategy's stock issuance plan fails to halt Bitcoin's decline

ChainCatcher news, according to Jinshi reports, despite MicroStrategy's plan to issue stock to enable it to purchase more Bitcoin, Bitcoin still declined today, dropping about 3% to $95,420 during the session.

Some traders warn that the market may become volatile in the coming day due to a large number of expiring open positions in Bitcoin and Ethereum derivatives. On Friday, a record $43 billion in open contracts will expire on the derivatives exchange Deribit, including $13.95 billion in Bitcoin options and $3.77 billion in Ethereum options.