Bitcoin – Wall St Wants In
Those who have stood on the sidelines and sat on the fence had their chance – we knew it was coming and even at the price BTC is right now (around $11,290), that is still insanely cheap compared to where we are going and the writing is on the wall, $11K is nothing compared to what we are going to see once millions are thrown just to get a piece of the pie. Got satoshis?
Bitcoin Broke Out Of A 3-Year Trendline—And Wall Street Wants In
“Market data from Skew shows that the total open interest of the CME Bitcoin futures market surpassed $700 million.
The term open interest refers to the value of all short and long contracts in the market combined. When the open interest is high, it typically suggests that many investors are anticipating a big price movement.
The CME Bitcoin futures data is significant because it tailors to accredited or institutional investors. CME is the world’s largest derivatives company based in the U.S. that is strictly regulated.
When the CME Bitcoin futures open interest substantially increases, it shows the activity of accredited or institutional investors is rising.”