Bitcoin Futures Cash-and-Carry Profitability Drops as BTC Price Faces Pressure Toward $60,000

Bitcoin futures cash-and-carry trade premiums have diminished from 10% to 6%, showcasing a declining trend in profitability. With the reduced returns, traders might pivot towards novel strategies to maximize gains. Bitcoin’s price is under significant selling pressure, prompting analysts to predict a drop to $60,000. Bitcoin futures market is facing a downtrend in profitability, leading

Source: CoinOtag