According to the source, K33 Research reports that about one in four public companies holding BTC are trading at market capitalizations below the market value of their on-balance-sheet BTC, indicating discounts to BTC net asset value (source: K33 Research). K33 interprets this pricing gap as evidence of fading corporate demand for Bitcoin, a trading-relevant signal for bitcoin-treasury equities versus spot BTC performance (source: K33 Research).

According to @cas_abbe, Bitcoin (BTC) is rebounding strongly towards $110,000, trading near $109,500 after a brief dip, buoyed by a U.S.-Vietnam trade deal and the successful launch of the first U.S. Solana staking ETF (SSK). K33 Research analyst Vetle Lunde anticipates a volatile July for BTC, citing potential market-moving events tied to U.S. policy, including a new budget bill, a July 9 tariff deadline, and a July 22 crypto executive order update. Despite this, NYDIG Research notes that Bitcoin's current low volatility presents a unique trading opportunity. The firm suggests that the reduced volatility has made options contracts 'relatively inexpensive,' offering a cost-effective way for traders to position for significant price movements ahead of these key July catalysts.