A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.
Bitcoin price is chasing another 2020 high but top traders refusing to open longs is a bearish signal.
Bitcoin odds are “repricing quickly,” says Skew as one analyst highlights the current price pump’s “organic” nature.
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to “be very, very careful.”
Bitcoin derivatives favor bulls but data shows top traders added to their short positions as BTC rallied above $12K.
Futures funding stayed flat or turned negative despite bitcoin’s rally to $12,000.
Data from Wilshire Phoenix suggests BTC price formation is driven by CME Bitcoin futures but would this dynamic differ if stablecoin volumes were also included?
CME data shows Institutions are long Bitcoin while hedge funds are aggressively shorting BTC.
Bitcoin volatility has fallen to a 16-month low, signalling that a sharp move in BTC looms.
Bakkt recorded an all-time high Bitcoin delivery in October, demonstrating a clear spike in institutional demand for BTC.