04 Dec 2023

The market keeps climbing on ETF anticipation

Professional traders maintain their long positions, even as Bitcoin shot through $40k. U.S. spot ETF anticipation continues to be the market's driving force.
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In this week's Ahead of the Curve:
  • Bitcoin blasted through $40k over the weekend
  • CME traders maintain long exposure as prices rise
  • Retail traders are not wild yet
  • Retail’s apparent absence supported by web traffic numbers
  • A faster recovery than previous cycles?
  • Spot ETFs - a sell-the-news event?
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