Bitcoin Futures on Deribit Trade Below Index Price Indicating Weak Demand
Bitcoin futures on Deribit, expiring this Friday, are trading slightly below the exchange's index price, indicating weak demand.
Key points:
- Near-tenor yields (7 days and shorter) have dipped to negative for the first time in over a year.
- This indicates futures prices are below spot prices, viewed as a bearish sign.
- Deribit is a leading crypto options exchange favored by traders using synthetic strategies.
