The record-breaking rally in Bitcoin since Donald Trump’s US presidential election victory is beginning to show signs of slowing in the derivatives market.
The premium paid for CME-listed Bitcoin futures contracts over the spot market price, which is one of the most common instruments used by US-based institutional investors to make bets, has declined, K33 Research said. Open interest, or the total number of all the outstanding contracts, for put options with a strike price of $80,000 has surged in the past 24 hours, according to crypto data tracker Amberdata.
