Kung Hei Fat Choi: Bitcoin touched $52,000

Kung Hei Fat Choi: Bitcoin touched $52,000

The Divine Move?

On Feb.12 when ETH was $2480, someone bought 10k ETH call options at at price 2800 that'll expire on Feb.16 (3.5 days later), option costs 0.001 ETH each contract.

Price at Feb.16 (UTC+8 16:00), is $2815, let's do the math here -> he paid $25k, and gained $150k back, 6x in 3.5 days.

Hard to say if this divine move comes from someone with insider news.

Starknet airdrop

Starknet Foundation announced the airdrop of $STRK, the native token for the Ethereum layer-2 blockchain Starknet. ~1.3 million wallets eligible to receive it from Feb. 20 to Jun. 20.The airdrop size is 700 million tokens, as the foundation terms as “provisions”.

Decentralized exchange Aevo's pre-launch futures suggest an inception price of $1.76, implying a market cap of $1.2 billion.

Kung Hei Fat Choi (gōng xǐ fā cái)

According to Chinese folklore, "Caishen" (god of wealth) will appear on the fifth day of the Chinese New Year to bring prosperity to those who sincerely invite him into their homes.This year Caishen's day is the same day with Valentine's day (Feb. 14), and the price of BTC has even touched $52k, looks not too far away from the all time high ($69k).

Even for some countries, BTC to local fiat has justed reached ATH, e.g., BTC-JPY (bitFlyer's weekly price chart)

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