Bitcoin Stays Above $20K as US Stock Futures Drop After 2 Days of Big Gains

ALSO: Coinbase's COIN raises a bear flag
Bitcoin's current basis levels are sitting around 0.3%, (the annualized basis for December expiry) according to data from Deribit. 

 

"The option market is more revealing with a more bullish positioning seen in higher demand for upside strikes and a skew (difference of implied volatility between downside puts and upside calls) under pressure,"  Giovannacci said. 

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