Odaily星球日报讯 自上周特朗普赢得美国总统大选以来，比特币已上涨约 25%，在更友好的加密货币政策下，周二比特币一度逼近 90000 美元大关，这推动了比特币期货与现货价格之间的价差达到自 3 月以来的最高水平。对冲基金长期以来一直试图从这种被称为“基差交易”的差价中获利，即他们在现货市场买入比特币，并卖出远期期货，以锁定两种价格之间的差异。这样做，这种狂热可能会进一步推高期货市场的价格。 根据 CF Benchmarks 的数据，芝商所的基差目前接近 18%，该所上市的比特币期货的近期合约基差超过其他衍生品平台的基差。CF benchmark 产品主管 Thomas Erdösi 表示， “机构现在可能寻求利用期货和现货价格之间的价差来套利。”（bnnbloomberg）

Odaily星球日报讯 自上周特朗普赢得美国总统大选以来，比特币已上涨约 25%，在更友好的加密货币政策下，周二比特币一度逼近 90000 美元大关，这推动了比特币期货与现货价格之间的价差达到自 3 月以来的最高水平。对冲基金长期以来一直试图从这种被称为“基差交易”的差价中获利，即他们在现货市场买入比特币，并卖出远期期货，以锁定两种价格之间的差异。这样做，这种狂热可能会进一步推高期货市场的价格。根据 CF Benchmarks 的数据，芝商所的基差目前接近 18%，该所上市的比特币期货的近期合约基差超过其他衍生品平台的基差。CF benchmark 产品主管 Thomas Erdösi 表示， “机构现在可能寻求利用期货和现货价格之间的价差来套利。”（bnnbloomberg）

对冲基金试图从BTC基差交易差价中获利，芝商所基差目前接近18%

Odaily Planet Daily Report: Since Trump's victory in the US presidential election last week, Bitcoin has risen about 25%. Under a more crypto-friendly policy, Bitcoin briefly approached the $90,000 mark on Tuesday, driving the spread between Bitcoin futures and spot prices to the highest level since March. Hedge funds have long tried to profit from this so-called "basis trade" - buying Bitcoin in the spot market and selling forward futures to lock in the difference between the two prices. This frenzy could further drive up prices in the futures market. According to data from CF Benchmarks, the basis on the CME is currently close to 18%, with the basis of the nearby Bitcoin futures contracts on that platform exceeding the basis on other derivative platforms. CF Benchmark product manager Thomas Erdösi said, "Institutions may now be seeking to arbitrage the spread between futures and spot prices."

Odaily Planet Daily Report: Since Trump's victory in the US presidential election last week, Bitcoin has risen about 25%. Under a more crypto-friendly policy, Bitcoin briefly approached the $90,000 mark on Tuesday, driving the price gap between Bitcoin futures and spot prices to the highest level since March. Hedge funds have long tried to profit from this so-called "basis trade" - buying Bitcoin in the spot market and selling forward futures to lock in the difference between the two prices. This frenzy could further push up prices in the futures market. According to data from CF Benchmarks, the basis on the CME is currently close to 18%, with the basis of the nearby Bitcoin futures contracts on that platform exceeding the basis on other derivative platforms. CF Benchmark product manager Thomas Erdösi said, "Institutions may now be seeking to arbitrage the spread between futures and spot prices."

Hedge funds attempt to profit from BTC basis trade spreads, CME basis currently close to 18%

"We have only won the coin toss, the game has not truly begun yet."

BTC has officially entered the "$80,000 era", is $100,000 still far away?

Headline
▌BTC breaks through $89,000
The market shows that BTC has broken through $89,000, currently reported at $89,030.4, with a 24-hour increase of 10.79%. The market fluctuates greatly, please do a good job of risk control.
▌MicroStrategy's BTC holdings currently have an unrealized profit of about $12.9 billion
According to the current BTC price of $88,875.7, MicroStrategy's BTC holdings have an unrealized profit of about $12.9 billion. Previously, it was reported that as of November 11, 2024, MicroStrategy holds a total of 279,420 BTC, with a total purchase cost of approximately...

BTC breaks through $89,000, MicroStrategy Bitcoin holdings have a floating profit of about $12.9 billion

Odaily Planet Daily Report: Jake Ostrovskis, an over-the-counter trader at <Wintermute>, said that bitcoin options traders are paying a large premium for call options, indicating that investors' optimism about the future price increase of bitcoin is growing. The 1-month 25-delta skew of bitcoin options is currently tilted towards call options by about 3.3 points. Ostrovskis said this skew indicates that derivatives traders are preparing for a potential price increase in bitcoin, "this premium is a clear signal of the bullish sentiment in the market." Ostrovskis emphasized the potential for further upside in bitcoin and pointed out that although this skew is large, it is still lower than the level of around 7 points reached in early 2024, "historically, this indicator is at the 62nd percentile, suggesting there may be more upside potential." The implied volatility of bitcoin options spiked before the US election, but as the election-driven hedging activity has gradually subsided, the volatility has declined to a more neutral level. Ostrovskis noted: "The 30-day at-the-money implied volatility is currently at the 30th percentile, and as the spot price of bitcoin enters a new price discovery phase, some traders see this as an opportunity to buy 'cheap' options." (The <Block>)