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Bitcoin’s futures market appears less overbought than in previous highs this year based on a condition known as contango.
https://decrypt.co/291599/bitcoin-futures-play-long-game-investors-bet-on-bullish-days-ahead
decryptmedia.com / Decrypt
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2024-11-14 04:17:56
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npub19gc66fmrasp284wuamj0qtqvcgqds4km4qajguy03y0j274rh5ksyce0q3Seen on
wss://articles.layer3.newsPublished at
2024-11-14 04:17:56Event JSON
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"The Bitcoin futures market is currently in contango, with December contracts trading at $91,355 and longer-dated front-month contracts reaching $95,670. This suggests that investors are paying a premium to purchase Bitcoin in the future, typically driven by positive market sentiment and expectations of higher prices. The market appears less overbought than in previous highs this year, with a more stable pricing structure and increased institutional participation in CME contracts."
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