Stable futures premiums in bitcoin while the Merge sends ETH futures into discounts to spot
Futures premiums in bitcoin saw a decline over the last week as bitcoin ranged but stays higher than July levels. Meanwhile, we note all-time low ETH futures prices compared to spot as delta neutral strategies ahead of the merge see growing traction.
Aug 9th 2022
Bitcoin futures
Futures premiums saw a decline over the last week as bitcoin ranged but stays higher than July levels.
The futures premiums have declined below 3% in the bitcoin futures market after touching 2-month highs last week of 5%.
Still, the current 3-month basis remains higher than what we’ve seen since contagion created havoc in the market in June.