The Chicago Mercantile Exchange more commonly referred to as CME, offers the de-facto futures contracts for Bitcoin since the end of the last bull market. But could the forward-looking price action also offer a potential glimpse into the future of what’s to come? If this crystal ball works, the last leg up could be about…
Part of what is so special about Bitcoin is the fact that is it inclusive to all, and never in the past required the participation of “smart money” and institutional traders. But to become a multi-trillion dollar asset as it is destined to, bigger players had to get involved to take things to the next…
Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH Futures have continuously traded at…
Data on Bitcoin futures from the Chicago Mercantile Exchange (CME), on the Commitments of Traders (CoT), shows a sharp decline in aggregate holdings by institutional traders for June. Bitcoin price with open interest on CME. Source: TradingView.comIn early February this year, which was the previous instance of this happening, a downturn in the Bitcoin price…
Bitcoin has found itself stuck in the $9,000s for weeks on end. Save for a few flashes of volatility, the cryptocurrency has traded within 10% of $9,000 for nearly two months now.Historical odds say that BTC has an extremely high chance of breaking out of this consolidation, but market data shows that institutions are betting…
Ever since the CME launched futures for Bitcoin, investors have been asking for Wall Street-centric Ethereum futures. The reason: cryptocurrency investors believe these derivatives will catalyze ETH buying by an institutional audience.Analyst Expects Ethereum Futures to Send Price FlyingAccording to a prominent crypto trader, “it won’t be long before we see [Ethereum] futures launch [on…
After failing to break past $10,500, Bitcoin has posted weak performance after weak performance, failing to hold key support levels. Just last week, the price of the leading cryptocurrency fell off a cliff, so to say, breaking below key supports at $9,500, $9,000, and $8,700 as bulls provided no resistance to the selling pressure.This weakness…
Despite successful shows of force from CME Group and Bakkt’s Bitcoin options offerings, the majority of volume still goes through Deribit. This squashes fears that the new offerings would be in direct competition with the European firm, and highlights the fact that non-institutional investors seem to prefer unregulated exchanges.CME Group’s LaunchCME successfully launched Bitcoin options…
At long last, the CME — one of the first regulated institutions to offer Bitcoin futures — will be launching options for its BTC futures contracts. The launch will be taking place on January 13th (today, as of the time of publishing this).Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not…
Ever since Bitcoin (BTC) started declining last July, falling as low as $6,400 by the middle of December, analysts have been wondering when bulls are going to step in and push cryptocurrencies higher once again.Related Reading: Why Analysts Think Bitcoin Price On Verge of Crash to $6,000According to institutional investment data in the form of the…