[Glassnode: Bitcoin Futures Basis Shows Cyclical Bottom Characteristics, Persistently Below 2-Year U.S. Treasury Yield] BlockBeats News, August 2, crypto analytics firm Glassnode stated that since February this year, the 3-month Bitcoin futures basis yield has consistently remained below the 2-year U.S. Treasury yield. Historically, there has only been one similar prolonged period: from August 2022 to January 2023, which ultimately marked the cyclical bottom. [Original Link]