Bitcoin derivatives trading is on the rise as institutional investors flood the market. CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures…
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Bitcoin bulls are aiming to close the overhead CME gap in order to create a path to $18,000. Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473. BTC/USDT daily chart. Source: TradingView The 6.62% move brings the top-ranked digital asset closer to closing a…
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Data shows Bitcoin spot volume reached a 2020 high as retail and institutional interest surged. Bitcoin (BTC) has had a great November so far, and many analysts believe the future remains bright for the top-ranked cryptocurrency. Currently sitting at $16,000, its price has surged by 23% since the start of the month, rallying mostly after…
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Institutional interest in Bitcoin continues to rise as bullish sentiment around BTC prevails. With Bitcoin (BTC) price sentiment continuing to remain bullish following the uncertainty brought on by the United States presidential election, institutional investors seem to be getting more interested in betting on the markets. In the seven-day period ending on Oct. 27, Grayscale…
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As ballots poured in on the night of the United States presidential election, traders piled in and out of positions on the CME. As votes came in on the night of Nov. 3, the day of the U.S. presidential election, Bitcoin’s (BTC) volume soared on the Chicago Mercantile Exchange, or CME. “Overnight, before 9:00am NYT…
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Increasing volume and a breakout above a key trendline have set Bitcoin price back on the path to $14,000. As the weekend approaches, Bitcoin (BTC) price appears set to close out the month with a remarkably strong performance which has many bulls calling for a new all-time high above $20,000 in the near future. Traders…
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$450 million in Bitcoin futures are set to expire on Friday and data shows bullish pro traders are prepared to defend $13K. A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58%…
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The Chicago Mercantile Exchange (CME) just became the second-biggest Bitcoin futures exchange in open interest behind OKEx, buoyed by rising institutional demand. The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of…
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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? On Oct. 14, Wilshire Phoenix investment firm released its Efficient Price Discovery report, which detailed how CME Bitcoin (BTC) futures impact Bitcoin price discovery. The firm concluded that “CME Bitcoin…
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CME data shows Institutions are long Bitcoin while hedge funds are aggressively shorting BTC. According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts. There seemingly is a major…
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