When Bitcoin’s (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts.
As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a disarrangement between both markets.
Bitcoin spot has almost full retraced the weekly.
CME bitcoin futs are both backwardian and expire Friday. That is all.
— i.am.nomad (@IamNomad) January 27, 2021
… Continue Reading at: cointelegraph.com [source]