Bitcoin demonstrates gains at the beginning of July despite overall weakness in the derivatives market. Institutional players, including CME Group, are driving significant changes.
Derivatives Market and Institutional Investor Activity
The increase in Bitcoin prices is observed against a backdrop of low derivatives activity. Wintermute provided insights on funding rates for BTC, while CME Group launched new futures contracts.
Impact of New Financial Products
The introduction of terms like 'spot-quoted futures' underscores institutional confidence. In the Bitcoin market, realized profits reached $2.4 billion, driven by long-term holders.
Market Perspectives and Potential Changes
The tranquil state of the derivatives markets may temporarily align with July's typical BTC upward trajectory. Future infrastructure changes and regulatory movements are worth observing for potential long-term impacts.
Thus, while activity in the derivatives market remains low, positive signals from institutional players and new financial instruments may herald changes in the near future.
