Also on April 14, in an open meeting with U.S. Securities and Exchange commissioners and staff, SEC Chair Gary Gensler said the agency will beof an “exchange”. The SEC intends to bring certain brokers under additional regulatory scrutiny, and explicitly include decentralized applications.
According to a Wall Street Journal report, these banks will serve as settlement banks to enable token deposits at authorized exchanges to be withdrawn in Hong Kong dollars, Chinese yuan and U.S. dollars.on April 12. The regulated derivatives contract will offer qualified investors a safe and regulated way to gain BTC exposure. All trades will be settled in the national fiat currency, with traders required to deposit Argentine pesos through bank transfer.
To confirm whether traders effectively became bearish, one should also analyze the Bitcoin futures markets.Bitcoin quarterly futures are popular among whales and arbitrage desks. These fixed-month contracts typically trade at a slight premium to spot markets, indicating that sellers are asking for more money to delay settlement for a longer period of time.
Bitcoin's margin and futures markets reflect a neutral to bearish sentiment, but nothing exaggerated. The reduction in demand from bullish strategies is likely reflecting the 50% Bitcoin price gains since March 11.
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Source: CoinDesk - 🏆 291. / 63 Read more »