How can I interpret the month symbols used in cryptocurrency trading?

3 answers

• Jan 01, 2022 · 3 years ago
  The month symbols used in cryptocurrency trading represent the expiration month of futures contracts. For example, BTCM21 refers to the Bitcoin futures contract expiring in June 2021. The letter represents the month, with A being January, B being February, and so on. The number represents the year, with 21 being 2021. This allows traders to easily identify the expiration date of the contract and plan their trading strategies accordingly.
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• Jan 01, 2022 · 3 years ago
  When you see symbols like BTCM21 or ETHU21 in cryptocurrency trading, they are actually shorthand representations of the expiration month and year for futures contracts. The letter represents the month, with A being January, B being February, and so on. The number represents the last two digits of the year. So, BTCM21 stands for Bitcoin futures expiring in June 2021, while ETHU21 represents Ethereum futures expiring in September 2021. Understanding these symbols is important for traders to accurately track the expiration dates of contracts and make informed trading decisions.
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• Jan 01, 2022 · 3 years ago
  Interpreting the month symbols used in cryptocurrency trading is crucial for understanding the expiration dates of futures contracts. For instance, BTCM21 represents Bitcoin futures expiring in June 2021, while ETHU21 stands for Ethereum futures expiring in September 2021. These symbols follow a consistent pattern, with the letter indicating the month and the number indicating the year. By knowing the meaning behind these symbols, traders can effectively manage their positions and take advantage of market opportunities.
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