Deribit's Year-End BTC Futures Premium Signals Positive Market Sentiment

IconCryptoNewsTerminal Staff20 May, 2024

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Deribit's Year-End BTC Futures Premium Signals Positive Market Sentiment

On Thursday, Deribit's business development manager for Asia, Lin Chen, told X that the yearly expiring Bitcoin futures premium has surged to 12%, higher than the neutral peg of 10%. This year's highest premium was 22%, recorded on March 25. The lowest was 4.7%, recorded on April 30 and May 10. The increase in premium indicates a positive investor sentiment, suggesting that the market expects the spot price of Bitcoin to increase in the future.