News list for " profit trading"
Glassnode's analysis shows a significant increase in spot carry trading strategies, with institutional traders using CME futures for hedging and yield generation. With the current annualized underlying yield around 9.6%, which is almost double the yield on short-term US Treasuries, analysts believe that institutional interest in Bitcoin is likely to continue to grow in the coming months.
On August 8, JPMorgan Chase said that three-quarters of the world's carry trades have been positioned squaring, and the recent decline has erased this year's gains. Quantitative strategists Antonin Delair, Meera Chandan and Kunj Padh said in a letter to clients that returns on the G-10, emerging markets and global carry trade baskets tracked by the bank have fallen by about 10% since May. The decline erased year-to-date returns and slashed the cumulative gains since late 2022.
