Bitcoin Price (BTC) Analysis: High Level of Backwardation Hints at Bottom
The CME bitcoin annualised basis has fallen to -2.35% its deepest backwardation since the extreme dislocations of the FTX collapse in November 2022, when the basis briefly approached -50%, according to Velo data. Backwardation describes a futures curve in which contracts that expire sooner trade at a higher price than contracts that expire later. In...
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