Hedge Funds Are Rolling Out Of Bitcoin Futures - Here’s Why That Is Good News For Crypto

Hedge Funds Are Rolling Out Of Bitcoin Futures - Here’s Why That Is Good News For Crypto

Following the recent drop in the price of bitcoin and other crypto assets, hedge funds at the Chicago Mercantile Exchange are rolling their short bets into other markets that they deem more lucrative in the short term.

Their absence has led to a dramatic drop in open interest in bitcoin futures at the exchange and highlights the critical role that this segment plays in bootstrapping liquidity for institutional derivatives markets. That said, this observation could also be seen as another signal that the crypto market is steadying and getting ready to resume its upward trajectory.

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