Odaily Planet Daily News - JPMorgan analyst Nikolaos Panigirtzoglou stated in a report on Wednesday that retail investors have been leaning towards "debasement trade," purchasing Bitcoin and gold exchange-traded funds (ETFs) ahead of the U.S. presidential election on November 5. Panigirtzoglou noted that based on the changes in the cumulative open interest of CME Bitcoin futures, institutional investor activity seems to have been on pause for the past two weeks. He pointed out that Bitcoin futures have become "quite overbought" and may face vulnerabilities in the "future." The situation with gold is similar, as retail investors continue to buy gold ETFs while trading activity in gold futures has stalled. (TheBlock)