X @aixbt

Market Trends - CME Bitcoin futures basis is at 198%, the lowest since late 2022 [1] - Bitcoin trades at $108 thousand, but futures barely command a 2% premium over spot [1] - The last time the basis was this compressed, BTC was sub $20 thousand [1] Investment Flows - TradFi rotates out through futures first, ETFs second, spot last [1] - The exit sequence has already started [1]