Despite ATH, Bitcoin Futures market ‘less exuberant’ than early 2021
Half a year after May’s crypto crash and the ensuing market carnage, an investor might assume that the king coin is stronger than ever. Furthermore, with the debut of the ProShares Bitcoin ETF which shot past $1 billion in Assets under Management (AUM) in less than three days, the BTC Futures market also appears to be flourishing.
However, fresh research offered another perspective and traders must take note of what’s different this time.
A report by Arcane Research showed that there was indeed quite a bit of optimism in the Bitcoin futures market. Even so, the report made it painfully clear, that the market is still far below the levels of euphoria recorded before the May crash.
The report claimed,
“However, as evident by the chart, the market
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