Crypto Quant analyst Axel Adler Jr tweeted that BTC futures are trading higher than spot, the basis is continuously positive, and the 7-day basis is higher than the 30-day basis, indicating that the market is in a bullish state. Before the FOMC meeting, there was an overheating/divergence signal in the market, short-term overheating (rising basis and small volume), indicating that the market trend has entered a late stage.
The base case for the next two weeks (~ 70%): a gradual uptrend/sideways consolidation. If a set of green trend confirmation signals (price increase + basis increase + OI increase) appears in the next few days, it indicates new long participation and increases the likelihood of a new high.
Crypto Quant Analyst: BTC futures are trading higher than spot, indicating that the market is in a bullish state
2025-09-18 06:19:28
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