Bitcoin Futures Report Shows Bullish Sentiment Is In the Air

Bitcoin and cryptocurrency markets, often, have been bearish all through the first month of 2018 after many digital property reached all-time price highs this earlier December. A lot of folks have been following the correlation between the newly added bitcoin-based derivatives markets provided by Cboe and CME, alongside bitcoin spot prices over the earlier four weeks. Over the previous couple of weeks, most of the bitcoin futures contracts have been bearish as retailers forecasting the newest downtrend in price ‘shorted’ the market. Nonetheless, based mostly on newest data, bitcoin-futures bets are exhibiting that an superior majority of the contracts are betting ‘prolonged’ on bitcoin’s price — predicting that BTC’s price will in all probability be rising shortly.

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CFTC Report: Bitcoin Futures Contracts Are Overwhelmingly Bullish This week

The introduction of the newest futures markets stemming from…

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