CME futures traders are no longer bearish
To further prove that the crypto market structure has deteriorated, traders should analyze the CME's Bitcoin futures contracts premium. The metric compares longer-term futures contracts and the traditional spot market price. These fixed-calendar contracts usually trade at a slight premium, indicating that sellers request more money to withhold settlement for longer. As a result, the one-month futures should trade at a 0.5% to 1% premium in healthy markets, a situation known as contango. ...
CME futures traders are no longer bearish
To further prove that the crypto market structure has deteriorated, traders should analyze the CME's Bitcoin futures contracts premium. The metric compares longer-term futures contracts and the traditional spot market price. These fixed-calendar contracts usually trade at a slight premium, indicating that sellers request more money to withhold settlement for longer. As a result, the one-month futures should trade at a 0.5% to 1% premium in healthy markets, a situation known as contango. ...
