I’m leaning bullish. This time, the SEC is giving feedback—not a document game. It’s about crypto ETFs, event contracts, and leveraged products all being rearranged on the same table.
Why I’m bullish.
First, the narrative is aligning. In the US stock market, there has been a push to cram more trading products into the ETF wrapper. In crypto, the compliance window has just loosened a bit. Money will first look to see whether it can be packaged in, and only then what exactly is being packaged.
Second, over the past two days, the price of $BTC hasn’t moved much. It’s been hovering around 77206, dropping only 0.185% in 24 hours. The high and low were between 77792 and 76264, yet contract volume has already reached 10.8 times spot volume. That suggests many people are positioning in advance for this regulatory expectation—not random retail noise.
Third, the funding rate is only +0.0028%, not exactly hot. Even with 108031 units held, it hasn’t reached that “touch it and it blows up” level. The market is holding back—not going crazy.
I agree with one point from the opposing side: the SEC may not ultimately respond in a very painless way, especially for event contracts, where the retail end is likely to be restricted even more.
But let me put it this way: if someone still treats this as ordinary policy news, chances are they’ll be thrown off the ride later when sectors rotate. Do you really think this only affects ETFs, and won’t conveniently lift the institutional premium of $BTC ?
$BTC #ETF动态 #BinanceSquare
The market flips its face faster than turning a page. Keep some position reserved.
Why I’m bullish.
First, the narrative is aligning. In the US stock market, there has been a push to cram more trading products into the ETF wrapper. In crypto, the compliance window has just loosened a bit. Money will first look to see whether it can be packaged in, and only then what exactly is being packaged.
Second, over the past two days, the price of $BTC hasn’t moved much. It’s been hovering around 77206, dropping only 0.185% in 24 hours. The high and low were between 77792 and 76264, yet contract volume has already reached 10.8 times spot volume. That suggests many people are positioning in advance for this regulatory expectation—not random retail noise.
Third, the funding rate is only +0.0028%, not exactly hot. Even with 108031 units held, it hasn’t reached that “touch it and it blows up” level. The market is holding back—not going crazy.
I agree with one point from the opposing side: the SEC may not ultimately respond in a very painless way, especially for event contracts, where the retail end is likely to be restricted even more.
But let me put it this way: if someone still treats this as ordinary policy news, chances are they’ll be thrown off the ride later when sectors rotate. Do you really think this only affects ETFs, and won’t conveniently lift the institutional premium of $BTC ?
$BTC #ETF动态 #BinanceSquare
The market flips its face faster than turning a page. Keep some position reserved.