BTC December futures reach $73,500 — Is everyone flipping ultra bullish?
Cointelegraph
Published Apr 11, 2021 02:08PM ET
Updated Apr 11, 2021 03:40PM ET
Bitcoin (BTC) has been struggling to break the $60,000 resistance for almost a month. But despite the impasse, BTC futures markets have never been so bullish. While regular spot exchanges are trading near $59,600, the BTC contracts maturing in June are trading above $65,000.
Futures contracts tend to trade at a premium, mainly on neutral-to-bullish markets, and this happens on every asset, including commodities, equities, indexes, and currencies. However, a 50% annualized premium (basis) for contracts expiring in three months is highly uncommon.
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Written By: Cointelegraph
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