Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still...
Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week. However, this does not mean that positive sentiment had returned entirely to the cryptocurrency once more. The numbers on the CME show that institutional investors remain wary and even bearish toward the second-largest cryptocurrency in the market. Ethereum Falls Into The Negative The Ether futures on the CME have been trading on a negative basis lately, which basically means they are trading below spot.....
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Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH Futures have continuously traded at a higher rolling basis than BTC Futures for the past three months. This could show that institutional investors are more bullish on ETH’s future in comparison to BTC. But other factors have also led to the ETH Futures trading so high. Related Reading | Ethereum Fee Burns Clocks....
The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest. The popular exchange has seen an influx of demand since the recent Paypal announcement and the Bitmex debacle as well. Data shows that the Bitcoin Mercantile Exchange (Bitmex) open interest for bitcoin futures has taken a dive since it was charged with illegally operating in the United States. CME Group’s rise in open interest began on Oct. 10, as Skew.com reported that the exchange added “nearly 1,500 contracts on the October expiry.”....
Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there’s been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts. Institutional Demand Declines, Futures Market Signals Weakness Institutional investors have been a major primer for Bitcoin’s price rallies in the past year and they have been influential in Bitcoin’s break above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push....
Ethereum has recently made its way into the radar of institutional investors. More big money has been flowing into the digital asset in recent months following the success of decentralized finance (DeFi). With this much money coming in from institutional investors, the value of ETH has seen significant growth in the past couple of months. Data shows that institutional investors are getting into Ethereum as early as possible, eliminating the possibility of “missing the bus” when the cryptocurrency eventually becomes an important part of traditional finance markets. Ethereum being more....
Ethereum may be poised to move higher after dropping 30% from last month’s highs. Futures data shows that investors are currently bearish on the cryptocurrency, which should lend to a potential short squeeze. Ethereum Could Soon Surge to the Upside: Futures Trend Crucial futures data suggests that Ethereum may soon revert to the upside, not move lower. One crypto-asset analyst recently shared the data below, which shows the positioning of ETH futures traders on Binance. […]