Bitcoin Derivatives See Massive Institutional Volume: Can This Shift BTC’s Price?

Bitcoin (BTC) has had a crazy seven weeks. After feigning death for upwards of three months, with there being little price action and scant volumes to speak of, the cryptocurrency market returned. In fact, as of the time of writing this, the 24-hour volume figure on Bitwise’s BitcoinTradeVolume indicator reads at $917 million, much higher than the $500 million seen prior to all this price action. (Just last week, this read at a jaw-dropping $2.38 billion).

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