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Offshore basis reaches multi-year lows
The average daily offshore futures basis reached negative levels on Sunday, August 28th. This has not happened since March 2020.Preview
Funding rates remain in negative territory
Funding rates have mostly remained negative in the last two weeks, reaching new lows on Monday.Preview
Open interest on a vertical venture
Open interest in bitcoin perps has been going vertical throughout the year and is up 113% from the December 6th bottom after reaching yet another BTC-denominated high of 398,075 BTC on Monday.Preview