Bitcoin Futures Show Institutional Bullishness Amid Market Dynamics

US institutional investors continue to exhibit a bullish stance on Bitcoin, as evidenced by a higher annualized basis on CME futures compared to offshore options markets, where interest appears to be waning. According to NS3.AI, the recent decline in Bitcoin prices to $60,000 lacks evidence of being linked to threats from quantum computing. Instead, stocks associated with quantum computing are moving in tandem with Bitcoin, rather than inversely. These market dynamics suggest a broader decline in risk appetite affecting growth assets, with fears surrounding quantum computing likely fueled by market hype rather than genuine fundamental threats.