[Analyst: BTC Perpetual Contract Price Below Spot Price for 156 Consecutive Hours, Open Interest Rises to 367,000 BTC] CryptoQuant analyst Axel Adler Jr. wrote that Bitcoin perpetual contracts have been trading at a discount to spot prices for 156 consecutive hours, with a negative basis. Over the past day, BTC perpetual contracts traded at a 0.047% discount to spot prices, a widening discount since November 6th, reflecting selling pressure in the futures market. Meanwhile, open interest in perpetual contracts increased by 22,000 BTC over the past week, reaching 367,400 BTC, one of the strongest weekly increases since August. The analysis points out that the increase in open interest coupled with a weak basis makes the market more vulnerable to forced deleveraging; a decrease in open interest would indicate that leverage is decreasing.