Futures market update - Week 16: Futures basis sliding towards 1-year lows

The average daily futures basis in the offshore futures market is plummeting towards 1-year lows.
Source: Skew

After a promising end of March, sentiment has seen a radical reversion towards despair in the futures market. Driven by BTC revisiting the $30,000s and the pressuring sell-off in the equity markets on the backdrop of growing uncertainty.

The average futures basis in the offshore futures market (all crypto futures exchanges except CME) reached 2.02% on Sunday and remained low at 2.12% on Monday.

Link copied to clipboard.