“Our futures position proxy based on CME bitcoin futures, which tends to be used mostly by institutional investors, has spiked over the past week rising not only to the highest level for this year but also to levels last seen in August 2022 before the FTX collapse,” the analysts wrote, referring to the Chicago Mercantile Exchange.
Related posts
-
Crypto Remains Sidelined as EU Election Kicks Off
The election for new members of the European Parliament starts June 6, with results expected on... -
XRP Price Faces Hurdles: Will It Overcome the Obstacles?
XRP price is slowly moving higher above the $0.5200 zone. It is now facing hurdles near... -
Ethereum Price Indicators Flash Green: More Upsides Ahead?
Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum...