Bitcoin ETF Approval Tipped to Be 'Sell The News' Event: CryptoQuant
Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.
CME-Listed Bitcoin, Ether Futures Flash a Rare Bullish Signal
The gap between prices for BTC and ETH's 'next month' and 'front month' futures reached the highest level since 2021, indicating bullish sentiment in the market.
The contango pattern in the futures market suggests that investors are inclined to go long or take leveraged bullish bets on BTC and ETH.
This rare occurrence of the 'next month' contract trading at a premium to the 'front month' contract is a sign of very bullish sentiment on CME. [ more ]
CME-Listed Bitcoin, Ether Futures Flash a Rare Bullish Signal
The gap between prices for BTC and ETH's 'next month' and 'front month' futures reached the highest level since 2021, indicating bullish sentiment in the market.
The contango pattern in the futures market suggests that investors are inclined to go long or take leveraged bullish bets on BTC and ETH.
This rare occurrence of the 'next month' contract trading at a premium to the 'front month' contract is a sign of very bullish sentiment on CME. [ more ]