Concerns about quantum computers and the correlation with U.S. stocks indicating institutional investor sentiment in Bitcoin futures

The current Bitcoin price hovers around $67,900, but U.S. institutional investors continue to maintain a bullish stance through their position-building in the CME futures market. Compared to offshore options markets, the annualized rate on CME futures remains at a higher level, clearly reflecting their confidence.

Institutional Investors’ Bullish Stance in CME Futures

U.S. institutional investors are not merely betting on price increases but are acting to gain structural market advantages. Their consistently high position sizes in the futures market indicate a medium-term bullish outlook on Bitcoin. According to analysis by NS3.AI, this bullish attitude is based on structural considerations rather than short-term price fluctuations.

Misconceptions About Quantum Computing Concerns: Market Overreaction?

When Bitcoin’s price entered a correction phase, rumors of threats from quantum computers were widely circulated. However, detailed analysis shows that stocks related to quantum computing are moving in tandem with the overall U.S. stock market, with no negative correlation to Bitcoin. In fact, the fact that both are moving in the same direction suggests that concerns over quantum computing are likely exaggerated market psychology rather than fundamental risks.

Risk Retreat in Growth Assets and Market Sentiment

These market dynamics indicate that the concerns about quantum computing are not isolated but part of a broader risk aversion trend across risk assets. During periods when inflows into growth stocks and high-volatility assets slow down, it is natural for all growth assets, including Bitcoin, to face temporary pressure. The overall negative sentiment in the U.S. stock market may have amplified the perceived threat of quantum computing.

The stance of institutional investors to maintain their CME futures positions reflects a clear observation of these psychological market shifts, and a long-term view that concerns over quantum computing are an overreaction. Bitcoin’s resilience is supported by investors’ keen ability to see through such market exaggerations.