Backwardation in Bitcoin futures contracts shows pro investors lack confidence


$ 83,484.8
€ 77,247.7
¥ 38,800.0
£ 64,561.9
BTC
1.76 %
$ 1,858.27
€ 1,719.81
¥ 864.01
£ 1,437.32
ETH
3.02 %
$ 217.82
€ 201.55
¥ 101.42
£ 168.49
XMR
0.24 %
$ 84.64
€ 78.33
¥ 39.34
£ 65.48
LTC
0.11 %

BTC traders are still searching for a bottom, but derivatives metrics show sentiment is negative and even the rally to $40,000 had little impact.