20 Jun 2023
Institutional players getting ready for a new bull market?BlackRock, Citadel, Fidelity, Deutsche Bank and Charles Schwab making moves in the crypto market
Strong flow of institutional headlines leads BTC to shake off FOMC related downside as BTC recovers towards $27k.
- BlackRock files for BTC ETF, leading BTC to see 3% upside for the week
- The FED's dot plot surprised the market, suggesting higher rates for longer
- Open interest grows by 12k BTC as funding rates remain below neutral