Backwardation in Bitcoin futures contracts shows pro investors lack confidence


$ 84,718.7
€ 74,529.9
¥ 38,800.0
£ 63,852.6
BTC
-0.08 %
$ 1,580.35
€ 1,390.50
¥ 723.87
£ 1,191.07
ETH
-1.37 %
$ 216.76
€ 190.73
¥ 99.48
£ 163.42
XMR
-0.72 %
$ 75.17
€ 66.12
¥ 34.41
£ 56.65
LTC
-0.35 %

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.