Futures premiums reaches highest levels since Mid May

The 3-month annualized basis climbs further across all derivative exchanges, reaching levels not seen since May 15th.
Source: Skew.com

While CME’s front-month contract trades at a premium to the other front-month futures, the 3-month contract trades substantially lower than the other quarterly futures contracts.

With bitcoin’s strength, bullish traders have entered. Now, the futures basis is climbing across all platforms, with the basis premiums on most exchanges trailing above the peak of El Salvador’s legal tender day.

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