News list for " lunde"
On January 28th, Vetle Lunde, head of research at K33, said that yesterday's slump in Nvidia's share price had a ripple effect on the cryptocurrency market, with traders on the Chicago Mercantile Exchange (CME) quickly avoiding risk. Bitcoin futures basis fell to negative for the first time since August 2023, while nominal non-position squaring contracts saw their largest ever one-day decline, falling as much as 17,225 bitcoins. It is reported that the futures basis is the price of the futures c...
Vetle Lunde, head of research at K33 Research, said in an interview with CNBC that futures unpositioned squaring contracts on the Chicago Mercantile Exchange derivatives exchange have hit a record high, which is how most U.S. institutions currently buy bitcoin futures contracts, but many traders have been waiting for spot bitcoin ETF options on major exchanges such as the New York Stock Exchange and Nasdaq because it can enhance liquidity and provide hedging tools. Vetle Lunde added that demand ...
Vetle Lunde, head of research at K33 Research, released data showing that bitcoin exchange-traded products (ETPs) yesterday recorded the second largest single-day net outflow of 8,352 bitcoins this year. A single-day net outflow of 11,964 bitcoins was recorded on May 1 this year, the highest for the year. Lunde said the large outflow may be related to investors' risk aversion to the US election. Nonetheless, he stressed that net inflows over the past five days remained strongly positive at 14,15...
Bitcoin futures unpositioned squaring contracts (OI) on the Chicago Mercantile Exchange (CME) reached a record 172,430 bitcoins yesterday, a new all-time high, said Vetle Lunde, senior analyst at K33, in a post on the X platform. Current institutional preferences suggest they are increasing their long positions. Futures premiums also climbed to a five-month high as unpositioned squaring contracts surged, an increase driven mostly by active market participants rather than inflows into futures-bas...
Vetle Lunde, a senior researcher at K33 Research, said CME bitcoin futures unpositioned squaring contracts hit a nominal all-time high yesterday at 172,430 BTC. Futures premiums have climbed to a five-month high with a significant increase in unpositioned squaring contracts. Vetle believes the increase in unpositioned squaring contracts is being driven by active/direct market participants, rather than inflows from futures-based ETFs.
