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Indicator sharing on August 17, 2024
What is Basis?
Basis refers to the difference between the spot price of a commodity or asset and the price of the corresponding futures contract. It reflects the price relationship between the spot market and the futures market.
Basis is often used to measure market supply and demand and price trends. When the basis is positive, it means that the spot price is higher than the futures price, which may mean tight supply or strong demand, and the market is more bullish. On the contrary, when the basis is negative, it means that the spot price is lower than the futures price, which may mean oversupply or weak demand, and the market is more bearish.
Basis refers to the difference between the spot price of a commodity or asset and the price of the corresponding futures contract. It reflects the price relationship between the spot market and the futures market.
Basis is often used to measure market supply and demand and price trends. When the basis is positive, it means that the spot price is higher than the futures price, which may mean tight supply or strong demand, and the market is more bullish. On the contrary, when the basis is negative, it means that the spot price is lower than the futures price, which may mean oversupply or weak demand, and the market is more bearish.
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[Binance BTC contract open interest rises to 114,000 BTC] Coinglass data shows that the total open interest of BTC futures contracts on the entire network is 512,800 BTC, equivalent to approximately US$34.749 billion.
Among them, the open interest of CME BTC contracts is 154,500 BTC (approximately US$10.441 billion), ranking first;
The open interest of Binance BTC contracts is 114,000 BTC (approximately US$7.735 billion), ranking second.
Among them, the open interest of CME BTC contracts is 154,500 BTC (approximately US$10.441 billion), ranking first;
The open interest of Binance BTC contracts is 114,000 BTC (approximately US$7.735 billion), ranking second.
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[Binance will perform maintenance on Ethereum network (ETH) wallet on May 29] According to the official announcement, Binance will perform wallet maintenance on Ethereum network (ETH) at 15:00 (Eastern Time) on May 29, 2024.
To support this maintenance, Binance will suspend the recharge and withdrawal services of Ethereum network (ETH) at 14:55 (Eastern Time) on May 29, 2024. The maintenance is expected to take 2 hours, and the recharge and withdrawal services will be automatically resumed after the maintenance is completed.
To support this maintenance, Binance will suspend the recharge and withdrawal services of Ethereum network (ETH) at 14:55 (Eastern Time) on May 29, 2024. The maintenance is expected to take 2 hours, and the recharge and withdrawal services will be automatically resumed after the maintenance is completed.
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