Bitcoin’s futures premium stabilized at 2.5%
o understand whether the recent price action reflects top traders' sentiment, one should analyze Bitcoin's futures contracts premium, otherwise known as the "basis rate." Unlike a perpetual contract, these fixed-calendar futures do not have a funding rate, so their price will differ vastly from regular spot exchanges. The three-month futures contract trades at a 5% or lower annualized premium whenever these pro traders flip bearish. On the other hand, a neutral market should present...
Bitcoin’s futures premium stabilized at 2.5%
o understand whether the recent price action reflects top traders' sentiment, one should analyze Bitcoin's futures contracts premium, otherwise known as the "basis rate." Unlike a perpetual contract, these fixed-calendar futures do not have a funding rate, so their price will differ vastly from regular spot exchanges. The three-month futures contract trades at a 5% or lower annualized premium whenever these pro traders flip bearish. On the other hand, a neutral market should present...
