【分析:比特币 CME 期货价差缩窄至 490 美元,特朗普效应消退】金色财经报道,据 CoinDesk 报道,芝商所(CME)比特币期货市场数据显示,特朗普胜选后的看涨情绪已完全消退。CME 比特币“连续”次月与近月标准期货之间的价差已缩窄至 495 美元,降至 11 月 5 日以来最低水平,较 12 月 17 日 1,705 美元的峰值大幅回落。 CF Benchmarks 产品负责人 Thomas Erdösi 表示:“CME 比特币近月与次月期货之间价差的缩小表明交易者正在调整其价格预期。”自 3 月初以来,近月合约基差已大幅下调,表明市场已完全消化了特朗普当选这一此前推动市场上涨的主要催化剂。 分析显示,市场可能已经摒弃“亲加密货币总统有利于行业”的叙事,宏观相关性重新成为市场主导因素。尽管价差缩小,但 CME 期货曲线仍处于期货溢价(contango)状态,表明近期市场调整主要由无杠杆现货多头被挤出市场所驱动,而非更广泛的市场传染。
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