I don't know whether the UK Financial Conduct Authority recently announced that Bianca is not allowed to carry out any regulated activities in the UK, which is the main reason for the drop in bitcoin prices today. According to the co-integration analysis report, the exchange sent emails to the affected customers, but did not disclose any details.
Whatever the reason behind the weak price, some strange phenomena are beginning to appear in derivative contracts, which may be a disturbing sign.
Bitcoin quarterly futures are the first choice for whales and arbitrageurs. Although it seems complicated to retail investors because of the difference between the settlement date and the spot market price, its most obvious advantage is that there is no liquidity ratio.
When a trader chooses a permanent contract, he usually charges a fee every eight hours, depending on which side requires higher leverage. On the other hand, the transaction price of term contracts is usually higher than that of the ordinary spot market.
This effect is caused by the seller's delay in settlement, so it is necessary to compensate for this time.