The next leg up to $140k sooner than you think. More and more people are borrowing against Bitcoin on Kamino right now. Because they think the price will go higher, LTV will be lower so they can borrow even more. That's why you can earn 63% APY on USDC and 13.7% APY on FDUSD. At the same time, @ApolloBTCportal has proceeded the biggest migration of BTC to zBTC on Solana, around 50 BTC worth $5.8 million right now. Probably to borrow against it or farm yield to have even more BTC.
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