SEE YOU AT $60000 BUDDY!
The Bitcoin seller risk ratio has reached a certain level, indicating that it is time for the market to take action. Everyone who was going to profit has already done so, and the same goes for losses. The market now needs to find a new price range to ignite the flames of fear, greed, panic, or excitement. Additionally, Bitcoin spot-futures arbitrage trading is likely nearing its limit. A few weeks ago, traders could secure an almost risk-free annualized premium of 10% by going long on spot and short on futures. Technically, considering both sides incur fees, the annualized premium rate was 5%. Now, it has dropped to 6% (technically 3%), which is below the risk-free rate of cash equivalents.
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