Bitcoin Approaches New Peak as Nasdaq Expands IBIT Options Cap to 1 Million Contracts

Bitcoin may reach a new record high following derivatives market developments and accumulation by major holders. Nasdaq filed to raise BlackRock's IBIT options limit from 25,000 to 1 million contracts, a roughly 40-fold increase aimed at easing institutional participation barriers. Large holders have resumed buying while exchange infrastructure expands to accommodate increased demand.