TL;DR
- Bitcoin hit a new record of $111,889 and surpassed Amazon in market value, coinciding with Bitcoin Pizza Day.
- BTC options open interest climbed to $45.8 billion, pushing derivatives volume to its highest level in months.
- Bitcoin ETFs recorded $607.1 million in net inflows, with $530.6 million going to BlackRock’s iShares Bitcoin Trust.
Bitcoin (BTC) broke through its previous ceiling and reached a new all-time high of $111,889. It later saw a slight correction, dipping to $110,900, marking a daily increase of 2.4%. This figure was recorded on Coinbase and coincided with Bitcoin Pizza Day, a symbolic date for the crypto community. With this surge, BTC’s market capitalization rose to $2.205 trillion, surpassing Amazon and becoming the fifth most valuable asset in the world, behind only gold, Microsoft, Nvidia, and Apple.
The derivatives market reacted immediately. BTC options open interest rose to $45.8 billion, setting a new all-time high. This figure accounts for 84% of the total open interest in cryptocurrency options. Demand spiked after the new price record, driving up trading volume and confirming the forecasts of several analysts who had predicted a move beyond $110,000.
Ethereum followed suit, with options open interest exceeding $8 billion. Combined, BTC and ETH options reached $53.8 billion, the highest level since last December. In perpetual swaps, Bitcoin accumulated $34.9 billion in open interest, while traditional futures contracts added another $2.2 billion.
Bitcoin Breaks Records Across All Markets
Exchange-traded funds also saw a significant boost. Just yesterday, BTC ETFs posted net inflows of $607.1 million. Of that total, $530.6 million flowed into BlackRock’s iShares Bitcoin Trust (IBIT).
Prominent industry figures took the opportunity to weigh in. Michael Saylor posted on X, saying that letting all-time highs pass means missing out on opportunities. Anthony Pompliano, meanwhile, remarked that BTC is working exactly as designed, reaffirming its role as a store of value during times of heightened demand.
Beyond market data and investor reactions, the day carried symbolic weight. Fifteen years ago, Laszlo Hanyecz spent 10,000 BTC on two pizzas, marking the first real-world transaction using Bitcoin. At today’s prices, that purchase would be worth over $1.1 billion.
