Bitcoin’s perpetual futures markets are currently experiencing high funding rates, signaling a premium for long positions and further correction for spot prices, according to the “Bitfinex Alpha” report’s latest edition.

The rising Bitcoin CME futures open interest, reaching $11.4 billion as of June 4th, parallels the March all-time highs before a notable price correction. Traders appear to be leveraging the basis arbitrage opportunity, shorting Bitcoin on the open market while gaining spot exposure through ETFs, aiming to profit from futures and spot market price discrepancies#BTC #LearntoEarn