CryptoQuant: The spot price of Bitcoin remains higher than the perpetual contract, and the narrowing price gap indicates a warming market sentiment

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

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

Analysts believe that the current market is still in a preparation phase, and if the price difference turns positive, it could trigger a stronger upward trend. Investors should closely monitor changes in this indicator.