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Bitcoin Futures ‘Backwardation’ Could Signal Bearish Mood

This condition in the bitcoin futures market hasn't happened since May 2019, according to Luno.

By Lyllah Ledesma
Updated Oct 21, 2022, 12:06 p.m. Published Oct 19, 2022, 3:15 p.m.
Bitcoin futures on CME slipped into prolonged backwardation for the first time since May 2019, according to Luno. (Laevitas, via Luno)
Bitcoin futures on CME slipped into prolonged backwardation for the first time since May 2019, according to Luno. (Laevitas, via Luno)