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Paypal financial: the total position of futures OI increased compared with yesterday, and the total position of the compliance trading platform rose overnight

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Contract premium of major trading platforms in June -- annualized 5.16 to 9.44% -- contract basis difference of major trading platforms has all turned positive, and the basis difference of 24h perpetual contract has changed greatly, so there is room for a

Abstract

* BTC is now at 9438.66, up from 9461.56 at the open, with a high of 9740 and a low of 9400, up -0.25% in the past 24 hours
* South Korea will launch the 2020 national standards implementation plan, which will promote a total of 18 projects, including technologies such as blockchain
* DAppTotal monitoring data shows that Tether issued 100 million USDT in the wave field network
* Glassnode data shows that BTC active supply is at a three-year high
* ETC has completed Phoenix hard bifurcation upgrade today

1. Observation of trading volume (24h)

A) spot transaction -- no large net buying and selling, no large fluctuation overall, BTC spot inflow of 227 million

B) contract transaction -- short single burst of 1.4m (6.41%) long single burst of 20.1m (93.59%) -- concentrated price range of short burst of 9,397-9,539 usd, with a significantly higher proportion of short bursts. The fastest outflow was from the platform fire currency contract, which reached 2.427 billion yuan

C) cryptocurrency transactions in the past 24h: USDT ranked first with about 29.96 billion,BTC ranked second with about 25.2 billion, ETH ranked third with about 11.5 billion

2. Contract premium of major trading platforms in June -- annualized 5.16 to 9.44% -- contract basis differences of major trading platforms have all turned positive, and the basis differences of 24h perpetual contracts have changed greatly, so there is room for arbitrage.

3. The total position held by OI futures increased compared with yesterday, and the position held by the compliance trading platform rose overnight as a whole.

4. BitMEX short-term funding is neutral, with an average fund rate of 0.0060%.

5. The actual volatility declined in the near future, changed little at 24h, and the actual long-term volatility remained unchanged.

6. BTC term structure: recent IV decline; medium and forward IV slightly increased; implied volatility in June declined; expected slight increase in the far month IV increased.

& have spent ETH near month IV is higher than far month (large fluctuation can be noticed in the near future) (IV is implied volatility)& NBSP; & have spent & have spent