Futures basis plunge to June lows as market sentiment worsens
Futures premiums plunged towards late June lows as BTC’s upward momentum stalled.The futures basis on both Binance and CME was pressured into its lowest levels since late June amid BTC’s Friday sell-off.Preview
Offshore basis nearing all-time lows
The three-month futures basis reached its lowest level since June in the offshore market and plunged below the 2021 lows.Preview
CME’s front month BTC futures trading at sharpest discount ever recorded
While CME’s quarterly contracts trade at a slight premium, CME’s front-month contract sees its largest discount to the spot market ever recorded.Preview
Funding rates remain in negative territory
Funding rates have mostly ranged in negative territory in the last week, with Binance recording its lowest funding rate since June 30th on Monday.Preview