BlockBeats News, June 27th. This week, both Intercontinental Exchange (ICE) and CME Group stocks were oversold, with their RSI at 24.4. An RSI below 30 is usually considered oversold, indicating a potential short-term rebound; an RSI above 70 is considered overbought, posing a risk of a pullback. Investors sold off the stocks of exchange operators primarily due to market concerns that new trading products such as perpetual swaps could impact traditional exchange business.

Earlier, CME sued the U.S. Commodity Futures Trading Commission because the latter allowed the prediction market platform Kalshi to offer Bitcoin perpetual swaps at the end of May. CME dropped 10% this week, while Intercontinental Exchange fell over 7%, both seeing double-digit losses for the month of June.