Bitcoin has surged over 45% so far this year, outperforming traditional risky assets, including Wall Street’s tech-heavy Nasdaq index, by a significant margin. Futures typically trade at a premium in a sign of leverage being skewed on the bullish side when the underlying asset is appreciating in value. Conversely, during bear markets, discounts are often observed.
Source: https://www.coindesk.com/markets/2023/02/24/bitcoin-futures-on-cme-trade-at-highest-premium-since-november-2021-binance-futures-lag/?utm_medium=referral&utm_source=rss&utm_campaign=headlines