Bitcoin 'Bullish Sentiment' Is Back Among Institutional Investors: Report

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Arcane Research says that activity on CME indicates that institutional traders "have returned to Bitcoin." September was a sluggish month for Bitcoin. But lower prices set the stage for a resurgent October, during which the top crypto asset has padded its value by over 30%.
Institutional investors—the businesses that pool other peoples' money to make trades—are noticing, according to a new report from crypto-focused Arcane Research. And their re-entrance into the market may even be pushing the asset's price upward. After Bitcoin pushed through two major price resistance levels to start October, the amount of money in front-month Bitcoin options contracts—meaning they expire this month at the earliest—reached "levels not seen since April 15th, suggesting that bullish sentiment is brewing among institutional investors," according to the report. April 15 was one day after BTC hit an all-time high price of $64,804; it's current price is back at $57,000 after sputtering to as low as $40,000 last month.more