Oct 29, · Bitcoin equaled its highs by retesting $13, over the past hours. While most of the market is currently rejoicing Bitcoin‘s current price of $13,$14,, there might be a little bit of unrest between CME Futures and Options traders.. A bullish trend can never be bad for the derivatives market but at the moment, CME futures traders are at a disadvantage while the Options traders. Bitcoin’s price has grown % year-to-date and has managed to register a new ATH at $23, The common thought behind this appreciation of BTC was the growth of institutional interest in the coin. This interest was reflected in the Chicago Mercantile Exchange [CME]. As the value of Bitcoin started to rise, the CME’s OI also [ ]. 1 day ago · CME is now the second-largest bitcoin futures market leader behind Okex in terms of open interest. 24crypto.de’s statistics show that CME Group accounts for close to $ million worth of bitcoin.
Bitcoin futures market openCME Sees Record High Open Interest for Bitcoin Futures on Wave of Institutional Inflows - CoinDesk
This copy is for your personal, non-commercial use only. But Bitcoin prices have another value, as a messenger about what is coming for the stock market. I looked at this relationship back in January and May , examining how the movements of Bitcoin prices were showing up after a varying lag time in the movements of the stock market. Back then, the lag time was anywhere from 49 to 56 calendar days.
That five-trading-day lag has worked for the most part through It comes on news reports that big institutions like Goldman Sachs and J. Morgan are concluding they had better join in the party, before the party runs away. Fear of missing out exists, it seems, even at the institutional level. The key for using this, or any other leading-indication relationship, is that one should not expect the magnitudes of the price movements to be equal.
Rather, it is about the timing of the dance steps. And if you get the timing of the up and down movements right, the magnitudes can take care of themselves.
One worry for the Bitcoin and stock market bulls is that Bitcoin prices might be blowing off to a spike top. That is a reasonable worry anytime one sees price movements that are as dramatic as this.
On that topic, I look at the Bitcoin futures market. What I have noticed is that when Bitcoin prices make a blowoff top, there is typically a corresponding blowoff spike in open interest in Bitcoin futures.
There is no open interest spike at the moment. The implication is that there is still more to come for this up move in Bitcoin prices, and thus for the up move in stock prices.
Importantly, FOMC participants also appear more optimistic about the economic outlook evidenced by widespread positive revisions to its median projections.
Finally, it also seems that the potential of a interest-rate hike has risen based on the updated dot plot. We are currently projecting the first Fed rate hike for the first half of , and for now, it looks like the momentum is moving in that direction. Market Commentary Cresset Dec. Lawmakers not only respected inflation, they feared it. President Nixon imposed wage and price controls to no avail. The spiraling consumer price index prompted President Ford to marshal the Whip Inflation Now movement.
In fact, many of them, including Fed governors, would welcome it. Washington policy makers are banging the inflation beehive with a baseball bat, hoping inflation re-emerges. Be careful what you wish for.
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Contract specifications. Bitcoin futures Bitcoin options Bitcoin futures View full contract specifications. Central Time Sunday — Friday. CT with a minute maintenance window Monday - Thursday from p. Bitcoin options View full contract specifications. Options Style European style. Exercisable only on final settlement day Pending regulatory review and certification View Rulebook Details.
Vendor trading codes. CME Direct users: download the Bitcoin options grid. Right click on the buttons below Save the files as an. Learn about Bitcoin. Video not supported! Learn about the underlying Bitcoin pricing products. BRR Reference Rate. Last Updated -.