Analysis: There has been no real market panic in BTC yet.

PANews reported on February 10 that, according to CoinDesk, Greg Magadini, head of derivatives at Amberdata, said that although BTC has recently rebounded from about $60,000 to nearly $70,000, futures market data shows that there has not yet been a real market panic.

Currently, the 90-day Bitcoin futures contract still maintains a premium of about 4% over the spot price, while historically, a significant discount usually occurs when bear markets bottom out, such as the 9% discount at the bottom of the 2022 bear market. Magadini believes that, following historical patterns, BTC may still have further downside potential to trigger a panic sell-off in the futures market.