MARKETS: Bitcoin is transitioning from deep undervaluation toward equilibrium, a phase historically linked to accumulation and healthier price discovery, per CryptoQuant.

According to Bloomberg, Deribit data show that Bitcoin options open interest is concentrated in calls expiring on Jan. 30 with a $100,000 strike, with total notional value more than double that of $80,000 strike puts with the same expiry. Jake Ostrovskis, head of OTC trading at