However, quite remarkable processes are taking place under the surface, which does not yet affect the current price of the asset. Glassnode estimates that the number of bitcoin wallets with more than 1K BTC balance went close to 2017 highs, times when the price reached $20K. Besides, the CME shows a significant surge in trading activity. In the month from May 10 to June 10, the volume of open interest in bitcoin options on the Chicago Mercantile Exchange (CME) jumped more than 10-fold to $373 million.
The FxPro Analyst Team