Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Spread Between Bitcoin Futures and Spot Reaches Highest Level Since Late 2021

Spread Between Bitcoin Futures and Spot Reaches Highest Level Since Late 2021

2024/03/15 16:39

Bitcoin futures basis spreads, the difference between the futures price and the spot price, have grown to their highest level since the digital asset's previous history at the end of 2021, according to The Block. Luuk Strijers, Deribit's chief commercial officer, said that the current basis spreads, which are annualized at 18 to 25 percent, reflect growing market momentum since the ETF's approval in January as well as anticipation of the impact of Bitcoin's halving. He said, "This yield is so incredibly high, it's a very bullish indicator and is being driven by new daily inflows into the system as a result of the approval of the Spot Bitcoin ETF as well as the expected impact of the Bitcoin halving."

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!