Opinion: Derivatives Have Not Played a Major Role in This Bitcoin Correction

According to cointelegraph, bitcoin’s price plunged 20% to a 6-month low, shocking investors, but data suggests derivatives played a minor role in the correction. In a healthy market, futures should trade at an annualized premium of 5% to 15%, according to the report. At its worst moment on June 22, that premium bottomed out at 2.5%, which is considered bearish, but not enough to trigger any red flags.

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