Odaily Planet Daily News Zerocap analysts said that Bitcoin's three-month annualized basis surged to more than 10% over the weekend, indicating that the market is building positive sentiment. It is reported that the futures basis is the difference between the spot price of a commodity or asset at a specific location and the price of a specific futures contract for the same commodity or asset. The size and change of the basis is very important to investors and traders because it not only reflects the fluctuation range between the spot price and the futures price, but also affects the hedging strategy and effect. (TheBlock)