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Bitcoin futures data highlight investors’ bullish view, but there’s a catch

Published 10/31/2023, 04:45 PM
Updated 10/31/2023, 06:20 PM
© Reuters.
BTC/USD
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Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount.

For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve.

The U.S. budget issue sparks Bitcoin’s institutional hope

Bitcoin 2-month futures annualized premium. Source: Laevitas

Not everything is rosy for Bitcoin, and exchange risks loom

Continue Reading on Cointelegraph

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