Bitcoin Futures Trade Below Spot Price on Deribit … Sign of Weakening Demand

# Bitcoin Futures Trade Below Spot Prices at Deribit, Indicating Weakening Demand New York (Jang Do-sun, Special Correspondent) – Bitcoin (BTC) futures set to expire this Friday are trading slightly below Bitcoin spot prices on the Deribit exchange, signaling a potential weakening in demand for the cryptocurrency. According to CoinDesk on the 10th (local time), Andrew Melville, a research analyst at Block Scholes, stated in a Telegram chat with CoinDesk, "Recently, short-term maturities (less than seven days) yields have turned negative for the first time in a year." He explained, "This means that futures are trading at a lower price than spot," adding, "We interpret this as a strong bearish signal." Deribit, the world's largest cryptocurrency options exchange, is favored by professional traders who employ complex investment strategies, including futures, options, and spot market trading. Under normal circumstances, futures trade at a premium over spot prices. Bitcoin is currently facing macroeconomic headwinds, including concerns and uncertainties surrounding Trump’s economic policies, which have caused a sharp decline in the New York Stock Exchange. As of 2:04 PM New York time on the 10th, Bitcoin was priced at $78,660 on CoinMarketCap, down 4.59% from 24 hours earlier. Bitcoin had rebounded to nearly $84,000 before the opening of the New York Stock Exchange but failed to maintain momentum and retreated. Bitcoin is undergoing a correction after reaching a new all-time high of $109,114 on January 20.