Every 12 months we adjust the curve that best 'fits' historical Bitcoin BTC trend on a log chart. It's not an easy task and chart will obviously change according to historical performance. No one is trying to 'predict' the future here, but instead find previous exaggerations which tends to happen a lot on early stages pricing.
( (Bitmex June/19 contract - Coinbase spot) + (OkEX 3 month forward - Coinbase Spot) ) / 2
Basically the average premium in 2 months vs spot price
We should expect something ranging from USD 0 to 100 (0% to 1.8%)
Anything outside this range should be considered 'weird'
This chart measures Bitcoin Tether price @ Binance / Bitcoin USD fiat price @ Coinbase. If # is above 1.00 means investors value Tethers more than USD fiat. On the other hand #s below 1.00 means Tethers are trading at a discount to USD fiat. 0.98 = 2% discount. Only listed market for Tether/USD fiat is Kraken exchange but there's no real volume going on there,...