Bitcoin is currently trading at approximately $80,000, showing little movement despite significant developments in the cryptocurrency sector. Lawmakers in Washington are advancing a crypto market structure bill, while major financial institutions like JPMorgan Chase & Co. and Charles Schwab Corp. are expanding their involvement in digital assets. However, traders seem unconvinced that these developments will catalyze a price surge for Bitcoin itself. Implied volatility in short-dated Bitcoin options is at its lowest this year, reflecting a lack of urgency among investors. In contrast, options on Coinbase Global Inc. shares indicate a heightened interest in crypto-linked companies, suggesting a shift in how investors are engaging with the market. Despite these dynamics, Bitcoin exchange-traded funds have seen nearly $2 billion in inflows over the past month, indicating ongoing demand. Additionally, analysts from Bitfinex report that long-term holders are accumulating Bitcoin while miners are reducing their sales, which could gradually tighten supply in the market.