Bitcoin’s Latest Rally to $71K Is Different From the March Breakout. Here’s Why. – CoinDesk
Posted: June 11, 2024 at 2:49 am
At press time, the annualized three-month futures basis (premium) in bitcoin on major offshore exchanges like Binance, OKX, and Deribit ranged between 10% and 13%, significantly below March highs above 25%, per Velo Data. The measured rise in the premium also suggests the absence of speculative fervor.
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Bitcoin's Latest Rally to $71K Is Different From the March Breakout. Here's Why. - CoinDesk
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