Institutions Take Bearish Stance on Bitcoin, Steep Discount in CME Futures Indicates


“In light of the better macro environment, this arbitrage opportunity will likely close in the near term as the macro environment appears to improve with 1) the USD might have peaked as US interest rate expectations are plateauing, 2) the Ukraine war appears to run out of steam and 3) China takes incremental steps of re-opening,” Thielen told CoinDesk.

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