{"id":20730,"date":"2025-01-29T10:30:00","date_gmt":"2025-01-29T08:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-futures-enter-bearish-territory-for-the-first-time-since-august-2023\/"},"modified":"2025-01-29T10:30:00","modified_gmt":"2025-01-29T08:30:00","slug":"bitcoin-futures-enter-bearish-territory-for-the-first-time-since-august-2023","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-futures-enter-bearish-territory-for-the-first-time-since-august-2023\/","title":{"rendered":"Bitcoin Futures Enter Bearish Territory for the First Time Since August 2023"},"content":{"rendered":"<p>The basis for bitcoin futures on the <span data-descr=\"Chicago Mercantile Exchange\" class=\"old_tooltip\">CME<\/span> has turned negative. This was triggered by a spike in volatility amid a stock market downturn due to news surrounding DeepSeek.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Nvidia crash yesterday had ripple effects on the crypto market, with CME traders rapidly de-risking.<\/p>\n<p>Bitcoin futures basis fell to negative terrain for the first time since August 2023, while notional OI saw its largest daily decline ever of a massive 17,225 BTC. <a href=\"https:\/\/t.co\/VM91DeiXcx\">pic.twitter.com\/VM91DeiXcx<\/a><\/p>\n<p>\u2014 Vetle Lunde (@VetleLunde) <a href=\"https:\/\/twitter.com\/VetleLunde\/status\/1884159925108236358?ref_src=twsrc%5Etfw\">January 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The Nvidia stock crash triggered a domino effect in cryptocurrencies,&#8221;<\/em> explained K33 Research.<\/p>\n<\/blockquote>\n<p>According to experts&#8217; calculations, <span data-descr=\"open interest\" class=\"old_tooltip\">OI<\/span> in bitcoin futures on CME fell by 17,225 BTC.<\/p>\n<p>For the first time since August 2023, contract prices fell below spot market quotes amid growing risk aversion.<\/p>\n<p>By the end of January 28, the Nasdaq Composite index rebounded by 2.03% after a 3.07% drop the previous day. This allowed bitcoin to hold the psychological level of $100,000 and return to $102,700 at the time of writing.  <\/p>\n<p>Earlier, Standard Chartered noted the upcoming January 29 meeting of the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span> and quarterly reports from Tesla, Meta, and Microsoft as the next market drivers.<\/p>\n<p>As reported in CryptoQuant, expectations were expressed for another &#8220;upward surge&#8221; in the asset before the start of distribution.<\/p>\n<p>In Copper, <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-peak-predicted-for-may-2025-amid-us-recession-forecasts\">a peak for bitcoin was forecasted<\/a> at the end of May. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The basis for bitcoin futures on the CME has turned negative. This was triggered by a spike in volatility amid a stock market downturn due to news surrounding DeepSeek. The Nvidia crash yesterday had ripple effects on the crypto market, with CME traders rapidly de-risking. Bitcoin futures basis fell to negative terrain for the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1146,1167],"class_list":["post-20730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-k33"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20730"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20729"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}