Micro bitcoin futures reports indicate arbitrage desks are

Reports indicate arbitrage desks are increasing exposure to Micro Bitcoin Futures due to narrowing spreads against spot BTC on major exchanges. This reflects strong liquidity conditions in both crypto and traditional derivatives markets. Caterpillar (CAT) closed up more than +2% to lead gainers in the Dow Jones Industrials on speculation that demand for the company's power-generation turbines will increase as AI firms and data centers ramp up their power needs. Other smaller-bite Bitcoin futures available include the Coinbase (COIN) “nano” Bitcoin contract, for example, which represents 1/100th of a Bitcoin (roughly $1,000 as of December 2024) and is cash settled every month. A review of basis trades shows Micro Bitcoin Futures premiums to spot BTC widened to $65, pointing to modest bullish sentiment among leveraged traders despite mixed signals from macro data.