Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern

Cointelegraph

Published Jul 13, 2021 08:15PM ET

Updated Jul 13, 2021 10:00PM ET

It's not yet known whether Binance's recent news of being temporarily suspended from the U.K.’s financial system is the main driver behind today's Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details.

Regardless of the reason behind the price weakness, derivatives contracts started to display some oddities, and this could be a troubling sign.

Bitcoin futures annualized premiums. Source: BitcoinFuturesInfo.com

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