Bitcoin's Futures Basis Suggests Stability Amid Market Uncertainty
The Bitcoin futures market is looking quite stable right now, even with ongoing uncertainty and recent price dips. 📊✨
On major exchanges like Binance and CME, the futures premium is still holding around 3% to 6%, which is considered a healthy sign in contango mode. 🚀
There is no deep backwardation and no signs of extreme fear or panic in the market.
Traders are slowly de-leveraging in a calm way, without panic selling. ❄️
Everything seems to be moving in a very orderly manner.
BTC is currently hovering near $70K, with balanced and smooth flows. 💰📈
All this suggests that despite short-term volatility, the market still has strong underlying support and resilience. 💪🔥
There may be ups and downs in the short term, but the overall structure looks solid.
