A leading analytics firm says that the Bitcoin (BTC) futures market is flashing a reading that has previously marked market bottoms. IntoTheBlock reveals that Bitcoin is witnessing steep backwardation, a condition where BTC futures contracts are priced significantly lower than the value of the king crypto in spot markets.
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BTC/USD$ 63,110.91 1.30%
ETH/USD$ 2,624.29 1.48%
USDT/USD$ 1.00 0.03%
BNB/USD$ 602.66 1.32%
SOL/USD$ 145.69 0.89%
USDC/USD$ 1.00 0.02%
XRP/USD$ 0.584847 1.01%
STETH/USD$ 2,623.69 1.43%
DOGE/USD$ 0.10734 0.28%
TON/USD$ 5.58 0.87%
TRX/USD$ 0.151823 0.16%
ADA/USD$ 0.361056 1.54%
AVAX/USD$ 27.10 1.81%
WSTETH/USD$ 3,093.17 1.49%
WBTC/USD$ 62,957.87 1.25%
SHIB/USD$ 0.000014 2.34%
WETH/USD$ 2,623.62 1.39%
LINK/USD$ 11.24 1.29%
BCH/USD$ 338.83 1.11%
DOT/USD$ 4.46 2.08%
NEAR/USD$ 5.26 12.33%
DAI/USD$ 1.00 0.02%
UNI/USD$ 6.84 0.65%
LEO/USD$ 5.56 3.47%
LTC/USD$ 66.28 2.81%
WEETH/USD$ 2,748.02 1.48%
FET/USD$ 1.61 3.97%
ICP/USD$ 8.60 0.63%
SUI/USD$ 1.51 6.51%
KAS/USD$ 0.162219 2.96%
TAO/USD$ 535.46 3.73%
APT/USD$ 7.81 1.68%
PEPE/USD$ 0.000008 2.41%
XMR/USD$ 168.20 4.04%
FDUSD/USD$ 1.00 0.07%
POL/USD$ 0.400874 0.80%
XLM/USD$ 0.095417 0.82%
ETC/USD$ 18.93 1.14%
IMX/USD$ 1.74 2.32%
STX/USD$ 1.87 5.97%
USDE/USD$ 0.999374 0.01%
AAVE/USD$ 167.31 2.97%
OKB/USD$ 39.68 2.17%
RENDER/USD$ 6.04 0.70%
CRO/USD$ 0.084448 2.16%
FIL/USD$ 3.72 0.92%
INJ/USD$ 22.16 2.36%
ARB/USD$ 0.591792 3.69%
HBAR/USD$ 0.056342 2.69%
MNT/USD$ 0.621768 1.41%