Crypto Frenzy: Soaring Interest and Prices Hint at Speculative Excess
- SHIB futures open interest over $100M hints at speculative excess in crypto
- Analyst Bitcoin supply/demand imbalance is 110, signaling a rally to record highs
- Trading volumes in South Korea have spiked to $8B recently from $1B
- OTC trading desks' BTC inventory dropped from 10K coins in Q2 to under 2K
- Grayscale spot ETF saw largest single-day outflow in a month; BlackRock inflows slowed