The market panic that ensued after the collapse of Sam Bankman Fried's FTX exchange in early November seems to be abating.
The three-month Bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME), widely considered a proxy for institutional activity, are drawing a premium over the cryptocurrency's going spot market price for the first time since FTX went bust.
The renewed premium indicates that institutional activity is no longer concentrated on the short . . .
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