Bitcoin just surge to a new record high, $109,500, extending its recent post-pause recovery and up over 60% since President Trump was elected…
BTC ETF inflows continue to build…
…and we suspect there is more to come, if the recent surge in global liquidity is anything to go by…
The aggregate open interest in Bitcoin futures surged to a record high on May 20, raising questions about whether bearish positions are now at risk.
As we detailed yesterday, global sovereigns have been ‘quietly’ gathering exposure to the cryptocurrency with StanChart’s Geoff Kendrick targeting $500k by the end of Trump’s term in office for the largest cryptro currency.
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