According to ChainCatcher, CryptoQuant community analyst joaowedson stated that the Bitcoin spot price is still higher than the perpetual contract price, indicating that the market has not yet entered a completely frenzied stage.
However, this negative price spread is gradually narrowing, showing that market sentiment is shifting from cautious accumulation to optimism. Historical data suggests that when the perpetual contract and spot price difference turns positive, Bitcoin often enters a parabolic rise driven by leverage and FOMO sentiment.
Analysts believe that the current market is still in a preparatory stage, and if the price spread turns positive, it may trigger a stronger upward trend. Investors should closely monitor changes in this indicator.
