Bitcoin’s Rise To $41K Spurs Analysts To Tout 10% Returns Through Market-Neutral Bets
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Benzinga
Benzinga
The leading cryptocurrency, Bitcoin (CRYPTO: BTC), has surpassed the $41,000 mark for the first time since April 2022. The surge has led analysts to forecast a potential 10% return on market-neutral bets. What Happened: The basis trade, a type of market-neutral strategy, offers an annualized return of 10% at the moment, CoinDesk reported. This involves taking a long position in the spot market and selling futures when they trade at a premium to the spot price. Deribit, a crypto derivatives exchange, disclosed that its front-month, three-month, and longer-dated futures contracts traded at an an…