Bitcoin Futures Market Now Flashing Historically Bullish Signal, According to Crypto Analytics Firm IntoTheBlock

A leading analytics firm says that the Bitcoin (BTC) futures market is flashing a reading that has previously marked market bottoms. IntoTheBlock reveals that Bitcoin is witnessing steep backwardation, a condition where BTC futures contracts are priced significantly lower than the value of the king crypto in spot markets. According to the analytics firm, backwardation The post Bitcoin Futures Market Now Flashing Historically Bullish Signal, According to Crypto Analytics Firm IntoTheBlock appeared first on The Daily Hodl .