A Golden Finance report states that this week there was another large outflow of PontoBTCETF. The analysis believes that the core reason lies in the narrowing premium of CMEBTC futures (the basis has dropped to about 4%), weakening the attractiveness of the 'cash Arbitragem' strategy, especially with the current situation where the 10-year U.S. Treasury bond provides about 4.3% risk-free return, causing Arbitragem funds to shift towards safer investments. Other factors have affected market sentiment, but fundamentally, the adjustment of professional traders' Arbitragem strategies is the key to the outflow of funds. The BTC 30-day PNL ratio (Realized Profit/Loss Ratio) has not fallen below the trend line, implying that the bull market should still be continuing, and the current trend may be closest to 2017.
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Futuros de Bitcoin da CME com prêmio reduzido, spread cai para cerca de 4%, ou próximo ao desempenho de 2017
A Golden Finance report states that this week there was another large outflow of PontoBTCETF. The analysis believes that the core reason lies in the narrowing premium of CMEBTC futures (the basis has dropped to about 4%), weakening the attractiveness of the 'cash Arbitragem' strategy, especially with the current situation where the 10-year U.S. Treasury bond provides about 4.3% risk-free return, causing Arbitragem funds to shift towards safer investments. Other factors have affected market sentiment, but fundamentally, the adjustment of professional traders' Arbitragem strategies is the key to the outflow of funds. The BTC 30-day PNL ratio (Realized Profit/Loss Ratio) has not fallen below the trend line, implying that the bull market should still be continuing, and the current trend may be closest to 2017.