Bitcoin Clears Sell Wall as STRC, Derivatives and ETFs Build Momentum

From blog.bitfinex.com

After printing through $80,000 on Monday, 4 May, Bitcoin has finally made its first sustained move above this key psychological barrier since 31 January, and the cleanest session of acceptance through the $78,000–$79,000 overhead supply wall. By Wednesday, 6 May, price has continued to surge to reach a multi-month high, approaching $83,000, supported by strong ETF flow momentum and institutional buying from BTC dependent yield-bearing offerings, such as the Strategy Variable Rate Perpetual Stretch Preferred Shares (STRC). Indeed, with STRC going ex-dividend on May 15, and already trading close to(opens in a new ... (full story)