One explanation is that many new and inexperienced traders have joined the market. On-chain analytics firm Glassnode’s founders Jan Happel and Jann Allemann had another: “There is excess greed in the system, with 60% of contracts levered 20x or more."
Goldman Sachs reopening Bitcoin trading desk, looking at ETF: Report
The bank is exploring the potential of launching a Bitcoin exchange-traded fund and is said to be looking for a digital asset custodian partner
A person familiar with the situation reportedly said that Goldman Sachs will restart its Bitcoin futures trading desk, first proposed and then cancelled in 2018. The financial giant is expected to offer the futures and non-deliverable forwards for clients from next week.
Markets Report: Bitcoin Embraces $10,000 But Big Futures Gap Could Weaken Bulls
Institutional interest is leaning on $9,400 but against a backdrop of safe haven records, Bitcoin may retain five figures.
Bitcoin is surprising everyone, and the week has barely started—$10,000 is back, but can it hold or even go higher?
ErisX brings ETH futures to America
The crypto derivatives exchange’s physically settled ether futures are the first available to U.S. investors; Binance.US adds OTC desk for large crypto trades
On May 11, TD Ameritrade-backed cryptocurrency derivatives exchange ErisX announced that it now offers physically settled ether futures contracts to both institutional and retail investors.