Strategy earnings report, $10 billion options follow in quick succession—could Bitcoin be poised for a breakout moment?

BlockBeats news, October 29 - Bitcoin continues to fluctuate around $80,000. BTC spot is currently reported at $79,930, down about 1.03% in the past 24 hours, with a high of $81,715 and a low of $79,586 during the period.

Over the next day or so, US GDP and PCE data, Strategy's third-quarter earnings report, and Deribit monthly options expiry will successively take the stage. Meanwhile, spot BTC ETFs have recently resumed net subscriptions, USDC circulating supply is still contracting, and BTC perpetual contract open interest in coin terms and USD-denominated OI have moved in different directions.

Strategy's preferred stock buyback cost more than 9 times what it spent on buying coins