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.
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