BTC Short-Term Futures Slip Into Discount on Deribit in Sign of Weak Demand

The term contracts on the Bitcoin (BTC) derbery take place to be expired this cryptocurrency Friday.

“What we have seen is that the returns close to the tenor (7D and shorter) plunged for the first time on the negative in more than a year,” said Andrew Melville, research analyst at Block Scholls Coinesk in a telegram cat. “This means that the pricing factors lower than the place, which we consider a very beautiful.”

Deribit is the first exchange of crypto options in the world and a favorite place for sophisticated merchants who seek to use synthetic strategies involving future, options and cash markets.