Ethereum futures backwardation hints at 30% 'airdrop rally' ahead of the Merge
Backwardation reflects a market condition wherein spot prices trade higher than future prices.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Backwardation reflects a market condition wherein spot prices trade higher than future prices.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Ethereum Price Prediction: Is Tom Lee’s $25K ETH Target Too Ambitious?
Tom Lee’s $10,000 Ethereum price prediction implies a 1000% move from ETH’s current price at around $2,500. BitMine’s accumulation...
Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued...
Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest in Binance’s ETHUSDT futures contract was 2.27% higher in ETH on Thursday, Oct. 8, over the last 48 hours,...
What Is Crypto Spot Trading?
For example, a token can be up 70% and still be a terrible trade if you have no idea when to take profits. Likewise, a 30% dip can...
Bitcoin miners escape months of distress as daily revenue surges by 78%
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According t...
Bitcoin’s weekend rebound faces an $80,400 test after nearly $730 million in ETF outflows
Bitcoin traded near $82,900 in PerpFinder’s Oct. 10, 09:36 UTC snapshot, with traders watching whether the weekend rebound brings...