Institutional sentiment toward bitcoin futures remains strong, with the CFTC’s latest report showing net-long positions at a two-month peak. Macro factors such as slowing Fed rate hike odds have contributed to this sentiment shift. Bitcoin has historically performed best in the final quarter of the year, with average gains of 80%. Nate Geraci, president of NovaDius Wealth Management, said the development shows that traditional finance is quickly conforming to DeFi practices, stressing that it was “just the beginning.” This contango scenario often precedes momentum spikes, with systematic traders adjusting positions accordingly.
