News Explorer — Bitcoin's Market Structure Shifts as Basis Trade Unwinds: Analyst

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Apr 20, 9:01 am

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Bitcoin's Market Structure Shifts as Basis Trade Unwinds: Analyst

Bitcoin CME open interest is at a 14-month low as basis trade unwinds, with Strategy stockpiling nearly $60 billion in Bitcoin. One dominant buyer is reshaping the market structure, leading to a shift in futures positioning and a decrease in perpetual funding rates.

Bitcoin CME open interest is at a 14-month low as basis trade unwinds, with Strategy stockpiling nearly $60 billion in Bitcoin. One dominant buyer is reshaping the market structure, leading to a shift in futures positioning and a decrease in perpetual funding rates.

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