Huoxing Finance reports that on August 2, the crypto analytics firm Glassnode stated that since February of this year, the yield on the three-month Bitcoin futures basis has remained below the yield of the two-year U.S. Treasury bond. Historically, there has been only one other period of similar length: from August 2022 to January 2023, which ultimately preceded a cycle bottom.
Glassnode: Bitcoin Futures Basis Exhibits Cycle Bottom Characteristics
MarsBitShare
Summary
Bitcoin news on August 2, 2026, shows the 3-month futures basis yield below that of 2-year U.S. Treasury bonds since February 2026. On-chain data from Glassnode highlights a similar trend from August 2022 to January 2023, signaling a cycle bottom.
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