Arcane Research: Institutional and Retail Investors Confident Bitcoin Growth

According to Arcane Research analysts, along with open interest, trading volumes onChicago Mercantile Exchange (CME). At the same time, futures quotes are significantly higher compared to the spot price of Bitcoin.

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During January, the daily trading volume of BTC contracts grew by 250% and reached $ 600 million, which is the highest figure since last summer.

Nevertheless, at unregulated crypto derivative sites, turnovers are still much higher. For example, with just one BitMEX, trading volume is about 10 times higher than CME.

“As before, retail investors dominate the bitcoin derivatives market”, - the researchers emphasized.

Contango on CME and other derivative sites in relation to the spot price is about 2.8% for March futures and ~ 5% for contracts expiring in June.

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“For the first time in several months, retail and institutional investors have agreed on future bitcoin prices.”, - experts emphasized.

Arcane Research also noted that over the past week, many popular altcoins, including ETH and XRP, have grown faster than digital gold:

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Due to the confident recovery of altcoins, the BTC dominance index fell to 65%, the lowest level in the last few months.

The index of fear and greed continues to grow:

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In addition, the trend towards growth in real trading volume, which began in late December, is relevant:

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At the same time, the BTC price volatility stabilized in the range of 2.5-3.5%.

Among other things, the growing trend is the dominance of Tether (USDT) in the stablecoin market:

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According to researchers, the market supply of the most popular “stable coin” since January last year grew by 246%.

Recall that in a recent Arcane Research report it was said that the cryptocurrency “fear and greed index” had already reached the August mark.