The excitement around Bitcoin seems to be cooling down since Trump’s win in the US presidential election. According to K33 Research, the premium of CME-listed Bitcoin futures compared to spot market prices has decreased. Amberdata data shows a significant increase in open interest for Bitcoin’s $80,000 strike price put options.
Vetle Lunde, head of research at K33, believes the market is cooling down, and a narrowing of contango may signal a reduction in risk appetite. James Davies, CEO of Crypto Valley Exchange, says all trading is speculative, and they expect more volatility and unclear signals as they wait for US policy announcements.
