Binance Bitcoin price ‘gap’ hits record as perps stay bearish at $105K
Bitcoin traders avoid risk as the difference between spot and derivatives prices on Binance reaches unprecedented levels.
Bitcoin (BTC) derivatives traders are setting new bearish records while price circles all-time highs.
The latest findings from onchain analytics platform CryptoQuant reveal the largest-ever derivatives discount ever recorded on global exchange Binance.
Despite trading less than $5,000 from price discovery, BTC/USD is anything but enticing for derivatives traders.
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Author: William Suberg