According to analysts interpreting data in derivative markets, investors think that the price of Bitcoin will rise in the spring months.
Premiums on Bitcoin futures contracts on Binance, which will expire at the end of March, exceeded $ 2,000. This indicates that the market is expecting a rise in Bitcoin price before expiration.
According to YouHodler Markets Manager Ruslan Lienkha, current data is, “A clear bullish indicator for Bitcoin” can be interpreted as. Lienkha, “Institutional investors accept the current price for future purchases of Bitcoin and are willing to pay more to lock in the current price for future asset purchases.“ said.
Bitnominal President Michael Dunn said, ““The increase in the premium on futures is due to strong leveraged demand on the buy side.” It is an indicator and generally“a bullish indicator” said that.
Meanwhile, the table reflecting the difference between Bitcoin’s spot price and futures price is above 20% level output. According to Deribit COO Luuk Strijers, “the market expects the spot price to rise” means.