Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 06/05/2025, 20:07:24 UTC
To me, this indicates a gigantic "base" trade that is preventing btc from moving up: hedge funds are shorting spot and buying futures.
Who knows, maybe Blackrock is lending them btc to short..maybe Saylor does the same, but unlikely.
This would make little sense, as the futures are more expensive in normal conditions (contango, positive funding rate).


it depends:

https://www.investopedia.com/terms/b/basis-trading.asp