Bitcoin Short-Term Futures Slip Into Discount on Deribit, Signaling Weak Demand
Bitcoin (BTC) futures expiring this Friday on Deribit have fallen into a slight discount compared to the exchange’s index price, highlighting weak demand for the cryptocurrency.
“For the first time in over a year, short-term yields (7-day and shorter) have turned negative,” said Andrew Melville, a research analyst at Block Scholes, in a Telegram chat with CoinDesk. “This indicates that futures prices are trading below spot levels, which we interpret as a strongly bearish signal.”
Deribit remains the top global platform for crypto options trading, attracting professional traders who utilize complex strategies involving futures, options, and spot markets.
The discount in near-term futures suggests cautious sentiment in the market, as traders hesitate to take long positions despite Bitcoin’s broader price action.
