Crypto M - Crypto News

🚀 Bitcoin Futures Open with $2,110 Gap Reflecting Weekend Spot-Market Moves CME Bitcoin futures commenced trading today at $71,520, creating a gap of approximately $2,110 from the previous trading day's closing price of $73,630. According to NS3.AI, this gap is attributed to movements in the spot market over the weekend, as CME futures do not operate during this period. #Bitcoin#Futures#CME#SpotMarket#Trading#Gap#BTC

🚀 CME Reports Low Probability of Fed Rate Change in April According to Jin10, CME's FedWatch tool indicates a 1.6% probability of a 25 basis point rate hike by the Federal Reserve in April, while the likelihood of maintaining the current rate stands at 98.4%. Looking ahead to June, the probability of a cumulative 25 basis point rate cut has dropped to 0%, with a 98.2% chance of rates remaining unchanged and a 1.8% probability of a cumulative 25 basis point rate hike. #CME#FedRate#FedWatch#RateHike#FederalReserve#InterestRates#RateChange#AprilRate#JuneRate

🚀 Bitcoin Futures Open Interest Hits 14-Month Low Amid Institutional Strategy Shift On April 11, the open interest in Chicago Mercantile Exchange (CME) Bitcoin futures fell to $8.41 billion, marking its lowest level in 14 months. According to BlockBeats, Glassnode analysts attribute this decline primarily to the unwinding of basis trades. Previously, this strategy involved establishing long positions through spot ETFs and hedging with short futures to earn the spread. However, the annualized returns have recently dropped from 15%-20% to around 5%, prompting institutions to take profits. Additionally, the daily trading volume of CME Bitcoin futures has decreased to below $3 billion. Analysts suggest that as institutional demand shifts towards directly holding spot assets, the leverage in the futures market is significantly decreasing. #BitcoinFutures#OpenInterest#CME#BasisTrades#InstitutionalStrategy#SpotETFs#FuturesMarket#Leverage#TradingVolume#BlockBeats#Glassnode#CryptoMarket#BTC

🚀 Federal Reserve's April Rate Hike Probability at 1.6% According to BlockBeats, data from CME's 'FedWatch' indicates a 1.6% probability of a 25 basis point rate hike by the Federal Reserve in April. The likelihood of maintaining the current interest rate stands at 98.4%. #FederalReserve#InterestRates#RateHike#MonetaryPolicy#Economy#Finance#CME#FedWatch