Bitcoin Halving and Growing Institutional Interest Drive Crypto Market Volatility
• Bitcoin halving expected mid-April, reducing supply growth rate • Wirehouses may approve spot bitcoin ETFs as soon as April 10 • Institutional interest in crypto remains high per CME bitcoin futures short positions • On-chain derivatives total value locked has reached all-time high of $3.4 billion • Investors shorting MicroStrategy versus long bitcoin may be driving recent volatility