Animal Spirits to Persist Through New Year
Dec 21, 2023
• 8
Min Read
Let it Flow
As we approach the holiday weekend and the final week of the year, which is typically marked by lower liquidity due to many stepping away from their desks, one might expect to see a dialing back of risk and a slowdown in trading volumes. However, contrary to these expectations, most data suggest animal spirits seem poised for a rally through the New Year.
CME futures data, the go-to platform for institutional capital seeking exposure to BTC and ETH, has shown a resurgence. We're now seeing BTC-denominated open interest returning to an all-time high after a notable decline tw...