Bitcoin Futures Yield Drops Below Treasury Rates as Carry Trade Fades
Bitcoin futures annualized yield has fallen from above 20% to below Treasury note rates, signaling a collapse in the basis trade that previously generated profits for crypto desks. This decline reflects dried-up leveraged long demand, and historically such resets lead to a healthier spot-driven market.
Detected & updated continuously · Source: Nebula
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Bitcoin (btc)Sources
@watchernewsx
JUST IN: ⛏ The carry trade that minted money for crypto desks is gone. Bitcoin futures annualized yield has fallen from above 20% to below Treasury note rates, meaning leveraged longs now earn less than parking cash in government paper. The basis trade is broken.
@btcliveco
JUST IN: 📉 Bitcoin futures annualized yield has collapsed from above 20% to below Treasury note rates. Leveraged long demand has dried up. Historically, this resets the basis for a healthier, spot-driven leg higher.