Bitcoin's Short-Term Growth Potential Limited, Says Derive Founder

According to BlockBeats, on January 26, Nick Forster, founder of the on-chain options protocol Derive, commented in an analyst report dated January 25 that the Trump administration's executive order focuses on evaluating digital asset reserves rather than specifically strategizing for Bitcoin reserves. This approach has dampened short-term bullish expectations for Bitcoin. Forster noted that the market perceives limited short-term upside for the asset, possibly due to the absence of a specific Bitcoin reserve announcement. Forster highlighted that on January 24, 83.3% of Bitcoin options contracts on the Derive platform were 'call options sold,' indicating expectations for Bitcoin's price to remain stable or decline. He stated, 'Without tangible measures like establishing national reserves, the market remains unconvinced.'