Institutional Momentum

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Ahead Of The Curve

21 Oct 2024

Institutional Momentum

CME exposure at all-time highs and weekly ETF flows at 7-month highs push BTC to 3-month highs.

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Bitcoin hits 3-month highs

Bitcoin reached three-month highs of $69,500 this week, before ultimately retracing to $67,320 for a 2% gain. BTC continues leading the market, as ETH remains in a narrow range between 0.038 and 0.04 vs. BTC. The market now flirts with a $70,000 breakout, but for momentum to be maintained, the September