CME Overview:
Bitcoin and crypto, in general, have had a major run starting most significantly since the start of the new year. BTC1! Is the Bitcoin Chicago Mercantile Exchange Futures trading and comprises significant institutional trading of Bitcoin. The most significant data we use in this report are from the Dealer and Intermediaries which are the Exchanges...
"There exist no episodes where the bitcoin spot markets dominates the price discovery processes with regard to Bitcoin Futures. This points to a conclusion that the price formation originates solely in the Bitcoin Futures market. We can, therefore, conclude that the Bitcoin Futures markets dominate the dynamic price discovery process based upon time -varying...
