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K33 Research: Bitcoin's speculative frenzy is starting to show signs of cooling in futures markets

The premium for CME bitcoin futures contracts over the cash market price has fallen, according to K33 Research. There has been a surge in unpositioned squaring contracts for put options with a strike price of $80,000 in the past 24 hours, according to crypto data tracker Amberdata. Vetle Lunde, head of research at K33 research, said: "The market seems to be cooling, with [the premium for] CME benchmark contracts moving lower since yesterday's close, hovering around 10 per cent throughout the day...

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2024-11-15 06:48:52