CME Bitcoin futures open interest dropped to about $7.2 billion in early April, the lowest since February 2024, as the popular basis trade unwinds. This trade involved buying spot Bitcoin ETFs while shorting CME futures to earn yield from the price spread, but with Bitcoin prices falling and the basis compressing to near risk-free rates, the arbitrage appeal has diminished. Institutional demand has cooled significantly, with March trading volume halving from its January 2025 peak. The shift signals a structural change in Bitcoin derivatives markets, with liquidity moving offshore and CME futures losing market share, raising questions about the future role of regulated futures in crypto trading.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
