Bitcoin price falls under $30K as macro and regulatory worries take center stage

On the derivatives side, Bitcoin futures show increased demand, but Asian markets are slowing down.Bitcoin quarterly futures generally trade at a slight premium compared to spot markets, showing sellers desire to get more money in exchange for delaying settlement. Healthy markets typically exhibit BTC futures agreements trading at a 5% to 10% annualized premium, a situation known as contango, which is not distinct to crypto markets.Bitcoin 3-month futures premium. Source: LaevitasBetween July 14 and July 17, BTC futures kept a neutral-to-bullish 7% premium, surpassing the 5% threshold.

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On the derivatives side, Bitcoin futures show increased need, but Asian markets are slowing down.Bitcoin quarterly futures usually trade at a small premium compared to spot markets, reflecting sellers willingness to receive more cash in exchange for delaying settlement. Healthy markets usually exhibit BTC futures contracts trading at a 5% to 10% annualized premium, a scenario understood as contango, which is not unique to crypto markets.Bitcoin 3-month futures premium. Source: LaevitasBetween July 14 and July 17, BTC futures maintained a neutral-to-bullish 7% premium, going beyond the 5% threshold.