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Record Low Bitcoin Futures Premium on Binance Signals Capitulation

crypblzu by crypblzu
March 2, 2022
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Record Low Bitcoin Futures Premium on Binance Signals Capitulation
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“Binance’s 24-hour common foundation [spread between futures and spot prices] reached a brand new all-time low on Monday of 1.17%, under the underside 1.18% seen on July 21, 2021. This factors in direction of a really pessimistic sentiment amongst leveraged merchants and, sure – an indication of capitulation,” Vetle Lunde, market analyst at Arcane Analysis, advised CoinDesk in a Twitter chat.



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