The SFC will allow professional investors to trade crypto derivatives — a major policy shift. In Q1 alone, derivatives volume hit $21T, dwarfing $4.6T in spot trading (TokenInsight).

Tim Draper: Bitcoin could hit $250K this year — or even go infinite against the dollar as institutional demand, banks, and Web3 adoption pick up speed.

A trader bought a massive batch of BTC call options, paying $50M in premiums. These options give the right to buy BTC at specific prices on set dates — and they’re ultra-bullish: Is this a bet on $120K BTC by late July — and $140K by September?