Glassnode: Bitcoin Futures Basis Shows Cyclical Bottom Pattern, Consistently Below 2-Year U.S. Treasury Bond
- US0%
- BTC0%
BlockBeats News, August 2nd, Cryptocurrency analytics firm Glassnode stated that since February this year, the 3-month Bitcoin futures basis rate has remained below the 2-year US Treasury yield. Historically, there has only been one other similar extended period: from August 2022 to January 2023, which ultimately marked the bottom of the cycle.
Source: BlockBeats
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
Hot
- CoinsPrice24H Change