The term contracts on Bitcoin (BTC) classified by deribration which should exhaust this Friday are now negotiated slightly below the price of the stock market index, displaying a discount of low cryptocurrency request.
“What we have seen is that the returns close to the tenor (7D and shorter) plunged negative for the first time in more than a year,” said Andrew Melville, research analyst of Block Scholes in Coindesk in a telegram cat. “This means that the prices are negotiated below spot, which we consider as a considerably lower indicator.”
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