Institutional funds are making a massive entry through CME Bitcoin options, marking the first time ever surpassing the offshore market.
Regulatory funds are deploying real capital through bullish options from March to June, not engaging in 100x leveraged gambling behavior. Options market makers are forced to buy spot to hedge, while crypto natives are selling ETH.
ETH whale 0xa339 liquidated a $90 million position, fully repaid the AAVE loan, and completely hedged at $2970. The ETH/BTC ratio dropped to 0.033, confirming all of this.
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Institutional funds are making a massive entry through CME Bitcoin options, marking the first time ever surpassing the offshore market.
Regulatory funds are deploying real capital through bullish options from March to June, not engaging in 100x leveraged gambling behavior. Options market makers are forced to buy spot to hedge, while crypto natives are selling ETH.
ETH whale 0xa339 liquidated a $90 million position, fully repaid the AAVE loan, and completely hedged at $2970. The ETH/BTC ratio dropped to 0.033, confirming all of this.