{"id":562981,"date":"2020-08-01T10:54:12","date_gmt":"2020-08-01T07:54:12","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=562981"},"modified":"2020-08-01T10:54:12","modified_gmt":"2020-08-01T07:54:12","slug":"bitcoin-quarterly-contracts-are-trading-400-above-btc-spot-markets","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-quarterly-contracts-are-trading-400-above-btc-spot-markets\/","title":{"rendered":"Bitcoin Quarterly Contracts are Trading $400 Above BTC Spot Markets"},"content":{"rendered":"
In brief:<\/strong><\/p>\n Bitcoin’s momentum in the crypto markets continues to grow as BTC hit a local top of $11,765 on the Binance spot market. The King of Crypto continues on its upward trajectory that could soon find Bitcoin trading above $12,000<\/a> in the days to come.<\/p>\n Further checking the Bitcoin quarterly contracts across major exchanges, there is an instant discrepancy observed in the sense that these contracts are trading at a few hundred dollars above their corresponding spot markets.<\/p>\n In the case of Binance,<\/a> the Bitcoin quarterly contracts hit a local top of $12,147 only moments ago and are now trading at $11,983. This translates to roughly $370 difference with the spot market value 0f Bitcoin. At the time of writing, Bitcoin is trading at $11,613 on the latter platform.<\/p>\n Similarly, the OKEx Bitcoin quarterly contracts are trading at $11,975 which is significantly higher than the spot market value of $11,619 at the time of writing.<\/p>\n This bullish anomaly in the crypto markets was also captured by the team at Skew a few hours ago via the following tweet.<\/p>\n Some Sep futures are trading $400 above spot price pic.twitter.com\/BdpFbfGjR2<\/a><\/p>\n — skew (@skewdotcom) July 31, 2020<\/a><\/p><\/blockquote>\n\n
Bitcoin Quarterly Contracts are Trading at a Premium<\/h2>\n
\n