$BTC.X Food for thought. There's a small chance this is one time we don't see the typical "late Sunday/early Monday CME futures dump" after a weekend bounce (I'm not counting on it, but there's a chance nonetheless). With rival FTX fast-tracking the launch of their own BTC options this past Friday (obviously to front-run the CME launch tomorrow), it seems in CME's best interest for price to be in rally mode at Monday's U.S. Open. FTX hit 1 million in volume after just 2 hours on Friday, the larger percentage of that being Call purchases, and I don't see the CME allowing their nearest competitor (based on BTC derivatives volume) to show them up. That said, if this scenario does unfold, expect a sharp decline shortly thereafter, before another attempt to move higher.
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