news

bitcoin

1 X bitcoin bitcoin =

Thursday

24 June 2021

Here’s what would happen to Bitcoin if the government tried to take it over

Here’s what would happen to Bitcoin if the government tried to take it over


smart summary beta

In addition to the price pressure, analysts would need to confirm a large increase in open interest, which is the number of contracts in play.

As shown above, each CME Bitcoin futures contract represents 5 BTC, so the 7,572 open interest totals 37,860 BTC.

A large futures contract seller will cause a momentary distortion in the futures premium.

Unlike perpetual contracts, these fixed-calendar futures do not have a funding rate, so their price will vastly differ from regular spot exchanges.

By measuring the price gap between futures and the regular spot market, a trader can gauge the level of bullishness in the market.

Whenever there's an aggressive activity from shorts (sellers), the two-month futures contract will trade at a 1% or higher discount.

Notice how the July CME futures usually trade between a 0.5% discount and a 1.5% premium versus regular spot exchanges.

Goto Full Article

bitcoin bitcoin price

$34675.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.3)

Image

Ethereum 2.0 Contract Reaches 100,000 ETH Milestone
published: 7 minutes ago
ETH 2.0 has been in the pipeline for a number of years now. Hopes were that an Ethereum proof of stake would be unveiled in 2020. But developers want to make

sentiment (0) Neutral

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2021