"Bitcoin futures market betting on Bitcoin price rise"

BTC futures contract prices exceed spot prices by about 7-15%

As Donald Trump was confirmed as the new US president, and BTC hit a new all-time high, the BTC futures market is revealed to be betting on further BTC price increase.

According to a report released on the 7th by the on-chain analysis platform K33 Research, the difference between the BTC spot price and the futures contract price on the Chicago Mercantile Exchange (CME) surged to about 7-15% on the 6th, indicating that many futures investors are betting on further BTC price increase.

Specifically, K33 Research claimed that the premium of the CME BTC research futures contract reached a new high since March, suggesting that futures investors have taken the maximum bet on the long-term BTC price increase.

BTC rose about 8% on the 6th, reaching a new all-time high of $75,317, after Trump, who had expressed support for BTC since the beginning of his campaign, was confirmed as the winner.

Along with Trump's confirmation, there is only good news for BTC. According to data from the financial data platform Pasaside Investor, BTC spot ETFs in the US recorded a net inflow of about $384.87 million (about 540.5 billion won) on the 6th.

The cryptocurrency media outlet News BTC reported on the 6th that data from the BTC options market predicts BTC will reach around $80,000 by the end of November.