Crypto may have institutionalized, but it still trades like a rumor mill
CoinDesk·
60-second summary
Institutional investors are increasingly shaping the crypto market, but trading decisions are still heavily influenced by news headlines. As the industry becomes more institutionalized, traders must shift their focus from reacting to narratives to analyzing positioning data, such as futures open interest and options premiums, to make more informed investment decisions effectively.
The more institutional crypto becomes, the more it prices on headlines. The edge now is reading the positioning data underneath, not reacting to the narrative on top.