Futures premiums plunged towards late June lows as BTC’s upward momentum stalled. The offshore premium is near all-time lows, while CME’s front month contract trade at its sharpest discount to spot ever.
Futures basis plunge to June lows as market sentiment worsens
Futures premiums plunged towards late June lows as BTC’s upward momentum stalled.
The futures basis on both Binance and CME was pressured into its lowest levels since late June amid BTC’s Friday sell-off.