Offshore Premiums Indicate Recovering Sentiment Among Crypto Investors
The recovery in the price of various crypto over the last week has been evident in various areas of the market, and the offshore premiums have not been let out. The offshore basis numbers also reflect the returning positive sentiment across both retail and institutional investors. This turn of the tide from the brutal June […]
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Bitcoin has recovered back to $42,000 since the dump after recording a bearish trend. Since then, sentiment, as well as momentum, has since turned towards the positive, leading the digital asset back on the path to a bull rally. But this does not tell the whole story. In this report, we take a look at the bitcoin futures basis, where it’s at, and what it currently says about sentiment among institutional investors. Institutional Investors Getting Bullish? Institutional investors may be getting bullish based on what the bitcoin futures basis is saying. Although there has not been much....
Bitcoin futures premiums have been consistently trending in the low for some time now. There have been instances where they have broken out of this trend of low performance, but they seem to fall right back in. This does not spell all bad news for the futures premiums as it hints at exhaustion coming. This is attributed to the premiums trading close to yearly lows indicating that it is nearly a point of exhaustion across the board. Bitcoin Futures Premiums Down The reason behind the bitcoin futures premiums being down can be attributed to sell-offs that have rocked the digital asset in....
The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000.
CME futures data combines with numbers from derivatives platforms to suggest that investors are getting less fearful. Bitcoin (BTC) traders may be nervous going into the Federal Reserve rate hike decision, but research suggests that the bulls are broadly gaining ground.In a fresh update on July 26, analytics firm Arcane Research flagged what it calls "improving" sentiment among institutional traders.Caution mixed with "improving sentiment"While attention has focused on the likelihood of a deeper macro low for BTC/USD to come, it appears that not every investor cohort is ready to run for....
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange. Coinbase CEO Brian Armstrong was not delighted with the news about the United States regulators looking into FTX.US along with Coinbase and Binance.US in the wake of the FTX crisis.Armstrong said that the enforcement action against U.S.-based companies for the irregularities committed by an offshore crypto exchange that fall out of the jurisdictions of U.S. regulators makes no sense.Armstrong’s comments came in response to Senator Elizabeth Warren’s....