The post Institutional Fervor, As ‘Smart Money Index’ Hits All-Time High Ahead of Crucial Bitcoin ETF Decision appeared first on Coinpedia Fintech News
Institutional investors and seasoned market participants are placing record-high bullish bets on the Chicago Mercantile Exchange (CME). Data from MacroMicro reveals that their bitcoin futures smart money index (SMI) skyrocketed to an all-time high of 13,711 last week. SMI Hit New High A recent data revealed by Taiwan-based data tracking website MacroMicro that the bitcoin …