PANews February 10 News, according to CoinDesk, Amberdata derivatives chief Greg Magadini stated that although BTC recently rebounded from around $60,000 to nearly $70,000, futures market data has not yet shown signs of genuine market panic. Currently, Bitcoin’s 90-day futures contracts still maintain approximately a 4% premium over the spot price, whereas historically, during bear market bottoms, significant discounts have often appeared, such as a 9% discount at the 2022 bear market bottom. Magadini believes that, based on historical patterns, BTC may still have further downside potential to trigger panic selling in the futures market.
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