The 2x Bitcoin Strategy ETF (BITX) closed up 3.44% at $64.62 on December 13, as Bitcoin's price rose 1.32% to $101,347.32 amid significant market activity. The anticipation of nearly $3 billion in Bitcoin and Ethereum options expiring has heightened market volatility, with many contracts being long positions. This has led to strategic adjustments as the maximum pain point for Bitcoin is identified at $98,000, slightly below the current market price. Additionally, the introduction of spot Bitcoin ETFs in the U.S. has provided institutional investors with a more direct exposure to Bitcoin, influencing market dynamics. Crypto miners are increasingly adopting strategies similar to MicroStrategy's, focusing on accumulating Bitcoin to maximize profits amid rising network hashrate and block reward halving pressures. Riot Platforms' recent acquisition of 5,117 BTC for $510 million further underscores the trend of miners bolstering their Bitcoin reserves.