BTC Futures Show a 15.19% Premium, Indicating Positive Macro Outlook
CryptoNewsTerminal Staff03 Jun, 2024
BTC Futures Show a 15.19% Premium, Indicating Positive Macro Outlook
The crypto options exchange Deribit's APAC managing director, Lin, has stated that the contango/premium for Bitcoin futures expiring at the end of the year is currently at 15.19%. This indicates a positive macro outlook, with growing expectations for a rate cut in September. This has been reflected in the strength of BTC. Contango is a market condition that occurs in bull markets. It means that the futures price of an asset is higher than the spot price, indicating that investors expect the price of the asset to rise in the future. The March 2023 BTC options have an implied volatility of about 77,300, indicating that the market is expecting significant price swings in the coming months. BTC is currently trading at $68,900.91, up 1.70%, according to CoinMarketCap.
