The Bakkt bitcoin futures contracts peaked to a new high, signaling strong institutional interest in BTC, risk exposure, affinity in physically acquiring the underlying asset. What do you think guys?
Look at the break-even levels of miners and where there was an increase in volumes on bitcoin futures. I believe this is a set of positions in big money, in anticipation of good growth. But how long these people will continue to gain their positions is not known, so it is not a fact that we will hang out in the region of 5,000 - 7,000 for a couple of months, after which there will be a movement to the region of 16,000 at least.