Bitcoin Futures Basis Turns Negative as Nvidia Stock Plummets and DeepSeek Disrupts Market Dynamics in October 2023
Bitcoin futures have turned negative for the first time since August 2023, largely influenced by a sharp drop in Nvidia’s stock price, which triggered quick hedging among traders. This negative basis indicates a more bearish sentiment within the Market, with many traders willing to sell futures below the current spot price. Additionally, a notable drop ...
