Cryptocurrency market is active and trading volume is increasing 🌎
On the crypto side, spot trading volumes saw their largest monthly increase since January 2021 (albeit rebounding from depressed levels), driven primarily by retail longs, with institutional buying also picking up ahead of ETF approval; current bulls Positioning appears to have exceeded fundamentals, and even if the ETF is approved quickly, it will be at least a few quarters before structural inflows occur, so we recommend considering profit taking/doing some out-of-the-money covered call operations at this time.