JPMorgan opozarja na šibke Bitcoin terminske pogodbe kot signal za medvedji trg

JPMorgan’s cryptocurrency market analysts have pointed to the difference between Bitcoin’s (BTC) spot prices and BTC futures prices as a potential bearish sign for the market.

V četrtkovem zapisu strankam so analitiki JPMorgan pod vodstvom svetovnega tržnega stratega Nikolaosa Panigirtzoglouja zapisali, da se je trg Bitcoin vrnil v nazadovanje - situacijo, ko je promptna cena nad terminskimi cenami. Analitiki so povedali, da so se popravki na kripto trgih v zadnjem mesecu prvič po letu 2018 spremenili v nazadovanje.

According to the strategists, Bitcoin futures backwardation should be viewed as a negative sign for BTC price despite a major rebound on the market over the past two days, with Bitcoin dosegel 37,500 dolarjev on Thursday. The analysts stressed that the Bitcoin futures curve was in backwardation for most of 2018, a year when Bitcoin dropped 74% after hitting its then-historic high of $20,000 in late 2017:

“We believe that the return to backwardation in recent weeks has been a negative signal pointing to a bear market. […] In our opinion the shift in Bitcoin futures into backwardation is a bearish signal echoing 2018.”

V zadnji analizi je JPMorgan posebej preučil 21-dnevno drseče povprečje drugega bitcoin terminskega sporazuma, razporejenega po promptnih cenah. Analitiki so opazili "nenavaden razvoj in odraz tega, kako trenutno je povpraševanje po bitcoinih od institucionalnih vlagateljev", ki trgujejo s terminskimi pogodbami na trgovski borzi v Chicagu.

The analysts also noted that Bitcoin’s weakened share in the total crypto market value is another concerning trend. As previously reported by Cointelegraph, Bitcoin dominance on crypto markets tanked to 40% in late May, marking the lowest share over the past three years after surging above 70% this January.

At the time of writing, Bitcoin’s Delež in the total crypto market capitalization is 43%, accounting for $682 billion out of the total crypto market value of $1.6 trillion, according to data from CoinMarketCap. Some analysts like crypto index provider Stack Funds believe that BTC dominance could retest its previous highs kratkoročno.

Vir: https://cointelegraph.com/news/jpmorgan-points-to-weak-bitcoin-futures-as-signal-for-bear-market