01Definition
A futures curve where later contracts trade below spot or nearer maturities.
02Context
A futures curve where later contracts trade below spot or nearer maturities. This coordinate is placed in the wider system through its protocol, economic and historical relationships.
03Why it matters
Understanding Backwardation helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
⌖Reference points
01
Linked to related atlas coordinates
02
Grounded in a source record
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Explains function and trade-offs
04
Part of the open Bitcoin knowledge graph