Optimism in the futures market?

This Monday, CME’s premiums pushed towards new yearly highs, suggesting growing optimism among institutional traders.

The uptrend in the futures basis remains, as the basis both offshore and on CME has trended up beyond 5% in the last seven days. FTX traders seem more bullish than traders on Binance, as we see a 1% difference in the annualized basis between the two largest offshore derivatives platforms.

Meanwhile, CME’s strong uptrend in the futures premiums shows stickiness. Premiums have surged since mid-March.

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