In the dynamic world of cryptocurrency trading, perpetual futures offer a fascinating twist. These unique derivatives, unlike traditional futures contracts, have no expiration and closely track spot market prices. With this close correlation, they provide traders with leverage and a valuable insight into Bitcoin's price performance. Our analysis uncovers a recent surge in Bitcoin's price, accompanied by a remarkable upward trend in the annualized three-month rolling basis of futures... But what does this suggest about the future of Bitcoin? And what potential vulnerabilities does our data reveal...
Perpetual futures market paints a rosy medium-term picture for Bitcoin Perpetual futures market paints a rosy medium-term picture for Bitcoin
High demand for Bitcoin futures indicates over-leveraged market ramping up for a bull run.
2 min read
Updated: Nov. 3, 2023 at 5:15 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.