Odaily Daily Planet News, Zerocap analysts say that the three-month annualized basis for Bitcoin has soared to over 10% on weekends, and perpetual financing rates are rising, indicating that the market is building positive sentiment. The futures basis is the price difference between the spot price of a particular commodity or asset at a specific location and the price of a specific futures contract for the same commodity or asset. The size and changes of the basis are very important for investors and traders because it not only reflects the magnitude of changes between spot and futures prices, but also affects the strategies and effects of hedging. (TheBlock)