TechFlow news: QCP Capital noted that over the past two days, there has been unusually large selling pressure on the BTC and ETH Perp-June Basis, compressing the entire forward curve to 15-17%.
They suspect this flow might be related to Ethena, or could stem from large investors reducing leveraged positions while capturing high forward yields.
Despite relatively low price volatility over the past week, they observed increasing bullish sentiment in BTC, driven by factors such as rising inflows into BTC spot ETFs, traditional financial institutions joining Blackrock's ETF, significant purchases of BTC call options, reduced BTC leverage, and the upcoming BTC halving event.
Add to Favorites
Share to Social Media
