24 Oct 2023

Bitcoin yearly high supported by institutional conviction

Bitcoin is trading at yearly highs just below $35k after positive signals of an imminent spot ETF launch, a massive push in institutional activity, and a huge short squeeze in perps.
AotC Cover Oct 24 SVG
In this week's Ahead of the Curve:
  • Expected institutional inflows the important factor in the current rally
  • CME traders increased exposure throughout the rally
  • … while the rally has forcefully reduced offshore exposure
  • No local top signals in the ETF flows
  • Keep a close eye on the offshore derivatives markets going forward
Subscribe to read Ahead of the Curve
Share this article