What to know:
- Bitcoin futures expiring on Friday are trading below Deribit’s index price.
- The discount is a sign of weak demand for the cryptocurrency.
- “Futures prices are trading below spot, which we take as a significantly bearish indicator,” said Andrew Melville, a research analyst at Block Scholes.
Ah, the grand spectacle of Deribit, where bitcoin (BTC) futures, like forlorn lovers, now languish beneath the lofty index price, a clear signal that demand has taken a vacation—perhaps to a tropical paradise, leaving us behind in the cold. 🏖️
“What we have seen is that near-tenor (7d and shorter) yields have dipped to the negative for the first time in over a year,” Andrew Melville, a research analyst at Block Scholes, lamented in a Telegram chat, as if mourning a lost cause. “This means that futures prices are trading below spot, which we take as a significantly bearish indicator.” Ah, the irony! The future is now a shadow of its former self! 😅
Deribit, the grand coliseum of crypto options, stands as the world’s leading exchange, a sanctuary for the sophisticated traders who, like gladiators, engage in synthetic strategies involving futures, options, and spot markets. One can only wonder if they too are feeling the chill of this bearish winter. ❄️
Read More
- Best Crosshair Codes for Fragpunk
- Enigma Of Sepia Tier List & Reroll Guide
- Monster Hunter Wilds Character Design Codes – Ultimate Collection
- Hollow Era Private Server Codes [RELEASE]
- Wuthering Waves: How to Unlock the Reyes Ruins
- Ultimate Tales of Wind Radiant Rebirth Tier List
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- Skull and Bones Timed Out: Players Frustrated by PSN Issues
- SWORN Tier List – Best Weapons & Spells
- Master Wuthering Waves: Conquer All Dream Patrol Trials in Penitent’s End for Epic Rewards!
2025-03-10 20:25