Market Wrap: Bitcoin Futures Premium Rises Again Despite Bitcoin’s Relatively Flat Performance

Bitcoin trading on Coinbase
Source: TradingView
  • Bitcoin (BTC) was trading around $58,246.41 as of 20:00 UTC (4 p.m. ET). Slipping 1.31% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $57,421.85-$59,484.20 (CoinDesk 20)
  • BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians.

Bitcoin’s futures premium creeps back up

Source: Skew

Recently, bitcoin’s price movements have been, well, less exciting than the triple- and sometimes…


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