Derived from 528btc, the CME Bitcoin futures price has fallen to its lowest level since November 2022, with the annualized basis rate dropping to -2.35%. The current market structure, where near-term contract premiums exceed long-term contracts, indicates traders expect weaker prices ahead, following a notable period of de-leveraging. Historically, such price discounts often coincide with market bottoms, signaling a potential turning point with increased risks and opportunities.
Bitcoin Futures Revert to Deepest Contango Since FTX Collapse
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