The latest Bitcoin (BTC) rally is already showing signs of losing momentum, and several analysts warn that a larger correction may be closer. AlejandroBTC—posting on X (formerly Twitter)—called the current price behavior “a dead cat bounce,” suggesting the recent rebound may be near its end and that Bitcoin could be set up for a much deeper drop.
Bitcoin's derivatives ecosystem is about to add a piece that many have been waiting for years and that others consider an unnecessary luxury. On June 1, subject to final CFTC approval, CME Group will launch futures contracts on the Bitcoin volatility index, identified by the ticker BVI.