Data: CryptoQuant Analyst: BTC has shown signs of short-term overheating, and this round of increase has entered the later stage

ChainCatcher news, according to CryptoQuant data, analyst Axel Adler Jr. stated that BTC futures are trading at a premium relative to spot trading, with the basis remaining positive and the 7-day basis higher than the 30-day basis, indicating a bullish pattern. There were signs of overheating/divergence before the Federal Reserve meeting, and the short-term overheating phenomenon (basis rising under low trading volume) suggests that this round of increases has entered the later stage.

The analyst mentioned that there is about a 70% probability of a stair-step increase or sideways movement in the next two weeks. If a cluster of green trend confirmation signals (price increase + basis increase + open interest increase) appears in the coming days, it will indicate new bullish participation and increase the likelihood of reaching a new all-time high.