Data: CryptoQuant Analyst: BTC has shown short-term overheating, this round of rise has entered the later stage.

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According to Mars Finance news, based on CryptoQuant data, analyst Axel Adler Jr. stated that BTC futures are showing 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. Prior to the Fed meeting, there were signs of overheating/divergence, and the short-term overheating phenomenon (basis rising under low trading volume) suggests that this round of pump has entered a late stage. The analyst stated that there is about a 70% probability of a stair-step rise or sideways trend in the next two weeks. If a cluster of green trend confirmation signals (price rise + basis rise + open interest increase) appears in the coming days, it will indicate new long positions participating and increase the likelihood of reaching a new historical high.

BTC-2.28%
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