The Bitcoin market is building positive sentiment, with the three-month annual basis increasing by more than 10% last weekend
Golden Finance reported that Zerocap analysts said that Bitcoin’s three-month annualized basis surged to more than 10% over the weekend, indicating that the market is building positive sentiment. It is reported that the futures basis is the price difference between the spot price of a certain commodity or asset at a specific location and the price of a specific futures contract for the same commodity or asset. The size and change of the basis are very important to investors and traders. Important because it not only reflects the range of changes between spot prices and futures prices, but also affects the strategy and effect of hedging.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
Crypto prices
More
