The CME (Chicago Mercantile Exchange) is the largest futures and options exchange in the world, although when it comes to Bitcoin many of these derivatives trades happen on crypto exchanges.
What is certain, however, is that institutional speculators prefer CME over crypto exchanges to take short-term positions on the price of BTC.
CME: The possible Bitcoin rally
By analyzing Bitcoin options trading on the CME, CF Benchmarks states that the chances of a short-term price rally for BTC still seem decidedly low.
CF Benchmarks is a company within the Kraken group, the second largest American crypto exchange, and besides dealing with analysis, it mainly focuses on indices on digital assets.
Last month they launched the CF Bitcoin Volatility Index, which measures the implied volatility of BTC price options at the CME.
For example, at this moment the value of the CF Bitcoin Volatility Index Settlement Rate (BVXS) is just below 59.8 points, which is higher than the 54.5 po
We współpracy z: https://en.cryptonomist.ch/2024/05/17/bitcoin-cme-options-still-suggest-no-rally/
