📌 Bitcoin Futures Basis Collapsed to Zero While Funding Went Deeper Into Negative – Bitcoin Futures Basis 7D SMA dropped from +0. 465% to +0. 054% in 4 days. Funding Rate holds at -0. 00945%. Derivatives signal caution.
$BTC #Bitcoin futures basis collapsed to near zero: 7D SMA slid from +0.465% to +0.054% in four days, while funding rate sits at -0.00945% as of Apr 23, 2026. Derivatives flows skew bearish—markets signalling caution.
#Macro Insights# #Derivatives #CryptoMarkets