Bitcoin Holds Above $108,000 Amidst Cooling Options Market

Edited by: Yuliya Shumai

As of July 9, 2025, Bitcoin is trading at $108,757, up 0.88% from the previous close. The day's trading saw a high of $109,122 and a low of $107,647. (Source: Stock market information for Bitcoin (BTC))

Despite the price increase, the Bitcoin options market shows signs of slowing down. Data from Glassnode indicates a decrease in implied volatility and trading volumes. The options market is pricing some of the lowest volatility levels since mid-2023. (Source: Stock market information for Bitcoin (BTC))

Spot volume fell to $5.01 billion, and futures volume dropped to approximately $31.2 billion, the lowest levels in over a year. Analysts predict a potential rally as Bitcoin breaks out of both a falling wedge pattern and a bull flag pattern. (Source: Stock market information for Bitcoin (BTC))

In March 2025, President Donald Trump signed an executive order establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. This initiative aims to position the United States as a leader in the digital asset space. It plans to acquire and hold various cryptocurrencies, including Bitcoin, as national reserve assets. (Source: Stock market information for Bitcoin (BTC))

Sources

  • Bitcoinist.com

  • Glassnode - On-chain market intelligence

  • Bitcoin Price Day By Day 2025 | StatMuse Money

  • Historic Price Bitcoin 2025 | StatMuse Money

  • Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile

  • Managers rush to file for 'risk-averse' crypto ETFs

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