Market Wrap: Bitcoin’s Price Up 12% Since the Halving
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.
Institutional exchange CME has become the third-largest bitcoin futures exchange by number of open contracts.
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange has cooled as the top cryptocurrency languishes in the price doldrums.
The funds likely boosted short positions to take advantage of attractive "cash and carry" yields.
Lower bitcoin spot volumes and flatter-than-usual price action doesn’t mean crypto traders have zero opportunities to capitalize.
Investor interest in bitcoin options listed on the Chicago Mercantile Exchange peaked to record highs in the days after Monday's halving event.