Tuesday, May 30, 2023

Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern By Cointelegraph

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Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern

It’s not yet known whether Binance’s recent news of being temporarily suspended from the U.K.’s financial system is the main driver behind today’s (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details.

Regardless of the reason behind the price weakness, derivatives contracts started to display some oddities, and this could be a troubling sign.

Bitcoin futures annualized premiums. Source: BitcoinFuturesInfo.com