@BOMBERuss 22 August 2022 more from that month

What's Going On with #Bitcoin Futures? According to Cointelegraph sources, #futures contracts are usually traded at a small premium relative to conventional #spot trades at market prices, as a contango situation arises - a premium in price charged by the seller for delaying settlement of the transaction. The difference between the spot price and the futures price is a good indicator that indicates the predominant mass of open positions on the part of #longs or #shorts, that is, positions to buy and sell an asset, respectively. As can be seen from the graph below, the situation in the trading of three-month Bitcoin futures has moved from contango to the so-called backwardation: we are talking about a situation where the value of contracts fell even below the spot price of the #cryptocurrency after its rapid fall on August 19. This suggests that there are now much more people on the #market who want to short Bitcoin, which means its price may fall sharply again, because market participants who act accordingly are interested in this. #BTC