BlockBeats News, February 15 — CryptoQuant analyst @AxelAdlerJr stated that the Bitcoin basis (7-day simple moving average) has fallen back into the neutral zone as the premium between spot and futures narrows significantly.
He pointed out that this change indicates the demand for establishing long positions through derivatives is weakening, and the market is no longer pricing in an aggressive risk appetite scenario. Typically, this suggests a decline in risk appetite, the start of deleveraging, and investors shifting to a wait-and-see stance.
Axel Adler Jr believes that the derivatives market has not been able to continue driving prices higher. If bulls want to regain momentum, they will need stronger spot buying support.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Spot ETFs Record $664M Net Inflows, Highest Single Day in Three Months
Bitcoin spot ETFs saw significant net inflows of $664 million on April 17, the largest in three months. BlackRock led the funds with $284 million, followed by Fidelity and ARK. Other products saw minimal contributions.
GateNews25m ago
Bitdeer Maintains Zero Bitcoin Holdings After Selling 177 BTC This Week
Bitdeer reported producing and selling 177 BTC in the week ending April 17, resulting in no net increase in its holdings, leaving the firm with a zero Bitcoin position.
GateNews1h ago
MicroStrategy Stock Rallies as Bitcoin Breaks $78K, Unrealized Gains Return to $1.37B
MicroStrategy's stock surged 13.83% as Bitcoin reclaimed $78,000, returning the company to an unrealized profit of $1.37 billion. The rise follows easing tensions in the Middle East and a broader rally in risk assets, despite criticism of its preferred stock.
GateNews2h ago
Morgan Stanley Purchases 177.76 BTC Worth $13.75 Million
Gate News message, Morgan Stanley bought 177.76 BTC worth $13.75M three hours ago. The firm now holds 1,347.54 BTC worth $103.94M in total.
GateNews5h ago
BTC fell below 77000 USDT
Gate News bot message, Gate quotes show that BTC fell below 77000 USDT, trading at 76961.6 USDT.
CryptoRadar6h ago
