Bitcoin’s futures (BTC) that are quoted in Delibit that will now expire marginally below the price of the exchange index, showing a discount on a sign of weak demand for cryptocurrency.
“What we have seen is that the yields close to the tenor (7D and shorter) have dropped to the negative for the first time in more than a year,” said Andrew Melville, a research analyst at Block Scholes to Coindesk in a Telegram chat. “This means that the prices of futures are operated below the place, which we take as a significantly bassist indicator.”
Delibit is the exchange of leading cryptographic options of the world and a preferred place for sophisticated merchants seeking to use synthetic strategies that involve futures, options and spot markets.
