JUST

Cryptocurrency

Bitcoin ETF

Bitcoin

Bitcoin futures base, defined as the difference between futures and spot price, has risen to levels not seen since BTC reached an all-time high above $68,000 in late 2021.
According to Luuk Strijers, Commercial Director of cryptocurrency exchange Deribit, the floor currently ranges between 18% and 25% annually, and these values were only seen in 2021.
Strijers explained that the high annual basis allows derivatives traders to earn significant returns. This can be achieved by purchasing spot Bitcoin and simultaneously selling nominally equivalent futures contracts at a higher price. This trading strategy provides a dollar gain that can be realized at maturity regardless of Bitcoin's fluctuating value.
The disparity between Bitcoin's spot price and futures price can be considered a reflection of increasing market momentum. This momentum has been building since the approval of ETFs in January and expectations for the impact of Bitcoin's halving event next month.
Related News: <a href="https://en.bitcoinsistemi.com/just-in-there-is-a-new-development-in-the-fate-of-ftx-founder-sam-bankman-fried/" target="_blank" rel="noopener noreferrer nofollow">JUST IN: There is a New Development in the Fate of FTX Founder Sam Bankman-Fried</a>
“The fact that this return is incredibly high is a very bullish indicator and is driven by the daily new money flowing into the system due to the spot Bitcoin ETF approval and the expected impact of the Bitcoin halving,” Strijers said.
Strijers noted that in the Bitcoin options market, the number of outstanding calls increased compared to puts expiring towards the end of March. The overall put-call ratio for Bitcoin is currently 0.59. This shows that there are six puts for every ten buys. However, for June this ratio drops to 0.32, indicating only three puts for every ten buys. According to the analyst, this bullish indicator combined with increasing market momentum reveals a positive outlook for the Bitcoin market.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/exchange-analyst-says-bitcoin-has-big-bullish-signal-reveals-details/" rel="noopener noreferrer nofollow">Exchange Analyst Says Bitcoin Has “Big Bullish” Signal, Reveals Details</a>

Exchange Analyst Says Bitcoin Has “Big Bullish” Signal, Reveals Details

Bitcoin Sistemi EN

2024년 3월 15일에 게재된 다른 기사

Dogecoin (DOGE) And El Hippo (HIPP) Prices Rise, KangaMoon Sees Exponential Growth, Could Be The ...

Dogwifhat Price Prediction: Top Gainer WIF Pumps 20%, But Investors Flock To This Solana Meme Coi...

Surprising Move from Bitcoin Exchange Binance! Parted ways with the 10 Billion Dollar Venture Bra...

Is Arbitrum’s token unlock a ‘sell the news’ event?

Aura Finance (AURA) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Floki Coin Makes a Strong Start in 2024

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!