China News Official TheBitTimes.com

Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost. Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval. That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption. Tapiero: Mass capital inflows "about to hit" Bitcoin As excitement over the potential go-ahead for a U.S. Bitcoin spot price ETF grows, BTC price action has reacted in kind. As BTC/USD hit 18-month highs, meanwhile, institutional tides are already showing signs of shifting. Open interest on CME Group’s Bitcoin futures markets — the classic institutional venue for BTC derivatives — passed that of Binance for the first time this week. For Tapiero, this is a watershed moment. “Now begins the renewed drumbeat of ‘ institutional adoption’ of Bitcoin,” he announced on Nov. ...

CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active large holders surged to a record 122 during the week of Oct. 31, signaling a growing institutional interest in Bitcoin. Notably, the Bitcoin CME futures premium reached its highest level in over two years. In neutral markets, the annualized premium typically falls within the 5% to 10% range. However, the latest 15% premium for CME Bitcoin futures stands out, indicating a strong demand for long positions. This also raises concerns as some may be relying on the approval of a spot Bitcoin exchange-traded futures ...

Coinbase International Exchange has received regulatory approval. The approval underscores the company’s commitment to global expansion. Coinbase’s CEO continues to advocate for regulatory clarity. Coinbase, a leading cryptocurrency platform, has achieved a significant milestone by gaining regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading services to retail customers outside the United States. This development marks a strategic move to expand Coinbase’s global presence in the cryptocurrency market. Global futures market dominance The global futures market plays a pivotal role in the cryptocurrency ecosystem, accounting for nearly 80% of the total crypto market. It facilitates leveraged transactions and derivatives trading, which often contribute to market volatility. With this approval, Coinbase International Exchange aims to tap into the immense trading activity in the crypto derivatives ...

BTC futures and options data show pro traders’ sentiment was not impacted despite last week's 11.4% correction. In the past few months, Bitcoin (BTC) traders had grown used to less volatility , but historically, it's not uncommon for the cryptocurrency to see price swings of 10% in just 2 or 3 days. The recent 11.4% correction from $29,340 to $25,980 between August 15 and August 18, took many by surprise and led to the largest liquidation since the FTX collapse in November 2022. But the question remains: was this correction significant in terms of the market structure? Certain experts point to reduced liquidity as the reason for the recent spikes in volatility , but is this truly the case? BTC surged 70%+ in 2023, yet the "Alameda gap" - liquidity dip post FTX and Alameda Research collapse - remains, supported by low volatility. Read full analysis here: https://t.co/kVslgLQtpL pic.twitter.com/g8Ac7udBl7 — Kaiko (@KaikoData) August 17, 2023 As indicated by the Kai...