Golden Finance reported that this week SpotBTCETF once again saw a large outflow. Analysis believes 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, in the current situation where the 10-year US Treasury bond offers about 4.3% risk-free return, Arbitrage funds are more inclined to shift towards safer investments. Other factors have affected market sentiment, but fundamentally, the adjustment of professional traders' Arbitrage strategies is the key to the outflow of funds. The BTC 30-day 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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Diferensial CME Bitcoin Futures menyusut, spread turun sekitar 4%, atau mendekati tren tahun 2017
Golden Finance reported that this week SpotBTCETF once again saw a large outflow. Analysis believes 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, in the current situation where the 10-year US Treasury bond offers about 4.3% risk-free return, Arbitrage funds are more inclined to shift towards safer investments. Other factors have affected market sentiment, but fundamentally, the adjustment of professional traders' Arbitrage strategies is the key to the outflow of funds. The BTC 30-day 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.