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Analysis: Bitcoin futures term structure indicates bullish sentiment

Cryptoslate published an analysis article saying that the price of bitcoin futures contracts on major exchanges is showing a gradual upward trend. The futures term structure chart shows how the futures prices of Binance, Bybit, Deribit, Huobi and OKX rose steadily from August 2024 to June 2025. This continued upward trend indicates that the market expects the price of bitcoin to rise in the coming year. The chart starts at around $58,000 for the August 2024 contract and gradually increases, with the June 2025 contract peaking at around $65,000. Notably, Deribit leads with the highest forecast price, indicating confidence in the future market for the platform. Conversely, Huobi's forecast is slightly conservative, reflecting varying market sentiment between exchanges. The upward trend in futures prices could mean that investors remain confident in the long-term value of Bitcoin after the April 2024 halving. Historically, halving events have led to significant price increases due to reduced supply. Current futures pricing is consistent with this historical pattern and prices are expected to continue to rise. Market participants should consider these forecasts when formulating their strategies for the coming months, as futures term structures provide insight into market expectations and potential price movements.