POPA ReconSo for the COT that is reflecting that the Wall Street are net long 4K contracts of CME BTC futures. That is largely true but these…
So for the COT that is reflecting that the Wall Street are net long 4K contracts of CME BTC futures. That is largely true but these entities are major banks like GS, JPM, MS, State Street, Citi, Barclays, the European banks etc etc , who have prime brokerage arms that act as broker-dealers for their clients or aim to hedge their balance sheet with CME futures. Since banks are still not allowed to warehouse spot BTC positions or accept BTC deposits-liabilities, maybe they are putting these positions on the futures. See revoked SAB 121, and Basel rules on regulatory capital ratios. Leveraged mo…
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