Bitcoin (BTC) futures trading on the Chicago Board Option Exchange (CBOE) under code XBT/H9 have expired, coming back from its lows, at $3850.54. Below is the official settlement price published by the CBOE:
Recent institutional developments, including Fidelity Digital Assets going live, have had a positive impact on the Bitcoin (BTC) price direction. The reduction in volatility has resulted in the Bitcoin (BTC) RSI (Relative Strength Index) to remain in a neutral territory, indicating that it has not been oversold or overbought. Price is likely to going remain sideways, until more adoption and development enters the Bitcoin (BTC) ecosystem.
Such developments include SEC approval of a Bitcoin (BTC) ETF and Bakkt futures that are on the horizon. We’ll be following it all so stay tuned for more news and analysis. For more details on CBOE Bitcoin (BTC) futures can be found here: https://bitfudge.com/CBOE/