Gold Finance reported that this week SpotBTCETF once again saw a large outflow, with analysis suggesting that the core reason lies in the narrowing of the CMEBTC futures premium (the spread has dropped to about 4%), weakening the attractiveness of the 'cash Arbitrage' strategy, especially given the current 10-year U.S. Treasury bond offering about 4.3% risk-free return, Arbitrage funds are more inclined to shift to safer investments. Other factors have impacted market sentiment, but fundamentally, the adjustment of professional traders' Arbitrage strategies is the key to fund outflows. The BTC 30-day Realized PNL Ratio has not fallen below the trend line, implying that the Bull Market should still be continuing, with the current trend perhaps closest to 2017.
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CME Bitcoin vadeli işlemleri primi daralırken, spread yaklaşık%4'e düştü, 2017 seviyesine yaklaşıyor olabilir.
Gold Finance reported that this week SpotBTCETF once again saw a large outflow, with analysis suggesting that the core reason lies in the narrowing of the CMEBTC futures premium (the spread has dropped to about 4%), weakening the attractiveness of the 'cash Arbitrage' strategy, especially given the current 10-year U.S. Treasury bond offering about 4.3% risk-free return, Arbitrage funds are more inclined to shift to safer investments. Other factors have impacted market sentiment, but fundamentally, the adjustment of professional traders' Arbitrage strategies is the key to fund outflows. The BTC 30-day Realized PNL Ratio has not fallen below the trend line, implying that the Bull Market should still be continuing, with the current trend perhaps closest to 2017.