CryptoQuant: Bitcoin Spot Price Remains Above Perpetual Contracts, Narrowing Spread Signals Improving Market Sentiment

According to ChainCatcher, CryptoQuant community analyst joaowedson stated that the current spot price of Bitcoin remains higher than the perpetual contract price, indicating that the market has not yet entered a fully euphoric phase.

However, this negative price spread is gradually narrowing, suggesting that market sentiment is shifting from cautious accumulation to optimism. Historical data shows that when the spread between perpetual contracts and spot prices turns positive, Bitcoin often enters a parabolic rally driven by leverage and FOMO sentiment.

The analyst believes that the market is still in a preparatory phase, and if the spread turns positive, it could trigger a stronger upward trend. Investors should closely monitor changes in this indicator.