Bullish

Telegram Restored in 172 Regions; $173M BTC Calls Sold

2026-08-04 13:29

Telegram returns to App Store in 172 regions. A trader sells $173M in BTC calls, betting against a $70k breakout within 52 days.

Woofun AI reports that Telegram has been reinstated on the Apple App Store and is now accessible across 172 regions. In market activity, a trader offloaded $173 million worth of BTC call options, positioning for a failure of BTC to exceed $70,000 within the next 52 days.

Separately, two addresses linked to a16z moved 979,000 HYPE to Hyperliquid for staking, totaling $53.53 million. A whale also withdrew 112,000 ETH from Gemini over three weeks to stake, valued at roughly $208 million.

WOOFUN AI

Impact Assessment · Quick Read

The reinstatement of Telegram signals a resolution in regulatory friction with Apple, potentially boosting user acquisition. The large-scale sale of BTC calls suggests institutional caution regarding near-term upside, capping expectations below $70k. Significant staking of HYPE and ETH indicates long-term conviction by major players, which may reduce circulating supply pressure.
Generated by WOOFUN AI · For reference only, not investment advice

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