CME Group's crypto futures now trade 24/7, eliminating weekend gaps. Despite institutional demand, Bitcoin struggles against record equity highs and negative ETF flows, suggesting a defensive market.
Bitcoin faces a liquidity imbalance near $80,000, with over $4 billion in short positions at risk of liquidation. Bullish signals and strong futures activity suggest leveraged traders are driving the price upwards, though spot market participation remains weak.
Gold futures declined 0.23% on the Multi Commodity Exchange to Rs 1,52,350 per 10 grams, tracking weak global cues and softer spot demand. International gold futures fell 0.05% to $4,711.98 per ounce in New York. Retail prices across major Indian cities showed mixed trends, with Bengaluru, Chennai and Hyderabad remaining flat while Delhi, Mumbai, Kolkata, Ahmedabad, Jaipur, Bhubaneswar, Pune and Kanpur recorded marginal gains.
