cniueng
Newbie
- Aug 8, 2023
- 12
- 2
Ruslan Lienkha, the Market Director at YouHodler, has pointed out that Bitcoin futures contracts expiring on Binance by the end of March exhibit a significant premium of over $2,000. This suggests a market expectation for Bitcoin's price appreciation in the coming spring.
When the trading price of futures contracts is higher than the current spot price, it is termed as "futures premium." This situation indicates the market's anticipation of an increase in asset price before the expiration of futures contracts. Lienkha describes the current futures premium as a "clear bullish indicator" for Bitcoin. Additionally, he added that institutional investors are leveraging futures to hedge Bitcoin prices, expecting further growth in Bitcoin's price post the potential approval of several spot Bitcoin ETFs.
This is really a good news.
When the trading price of futures contracts is higher than the current spot price, it is termed as "futures premium." This situation indicates the market's anticipation of an increase in asset price before the expiration of futures contracts. Lienkha describes the current futures premium as a "clear bullish indicator" for Bitcoin. Additionally, he added that institutional investors are leveraging futures to hedge Bitcoin prices, expecting further growth in Bitcoin's price post the potential approval of several spot Bitcoin ETFs.
This is really a good news.