Bitcoin Spot Premium

2022년 3월 20일

Plots the difference between the Bitcoin Spot price and the average of 7 Futures prices.
The idea being that Spot leads the market, and when Spot is priced significantly higher than Futures, price should increase. And vice-versa.

Possible uses:

• Sharp changes could indicate a reversal is coming
  
• A consistently large premium can be used as additional validation of trend continuation
  
• Divergences may help identify trend exhaustion
  

If you find a strategy that works well with this indicator, I'd love to know. Enjoy!

2023년 5월 18일

릴리즈 노트

Changed the "short title" for the indicator and updated the following Perp symbols (some name changes, some exchanges no longer exist):

BYBIT:BTCUSD --> BYBIT:BTCUSDT.P
BITMEX:XBTUSD --> BITMEX:XBTUSDT.P
FTX:BTCUSD --> OKX:BTCUSDT.P
PHEMEX:BTCUSD --> PHEMEX:BTCUSDT.P
BINANCE:BTCUSDTPERP --> BINANCE:BTCUSDT.P