CryptoQuant: Bitcoin spot prices are currently higher than Binance perpetual contract prices, and market sentiment has not yet reached a frenzy state

CryptoQuant analyst Joaowedson pointed out that Bitcoin spot prices are currently higher than Binance perpetual contract prices, indicating that market sentiment has not yet reached a frenzy state. However, the price gap between spot and perpetual contracts is gradually narrowing, indicating that investor sentiment is shifting from caution to optimism. Historical data shows that when this price difference turns from negative to positive, Bitcoin often experiences a strong upward trend, mainly driven by leveraged trading and market FOMO sentiment. Although this indicator is still negative at present, the trend is moving towards a positive direction, which may indicate that the market is brewing a larger upward trend. Analysts remind that if this indicator turns positive, it may become a signal of a new round of strong rise in Bitcoin.