The cryptocurrency topped $31,000 late last month, reaching the highest in a year. With the rally, the spread between prices for the Chicago-Mercantile Exchange (CME)-listed July futures contract and the now-expired (the-then front-month) June futures contract exploded to nearly $500, the highest gap since the bull market days of late 2021, according to data from charting platform TradingView.
Source: https://www.coindesk.com/markets/2023/07/06/bitcoin-rally-puts-focus-on-futures-market-quirk-that-underscores-need-for-spot-based-etfs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines