KingAlden 🎩
@aldenkun
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[Bitcoin yet to enter market euphoria, Alphractal CEO says]
Joao Wedson, CEO of the crypto investment data analysis platform Alphractal, noted in a post that Bitcoin (BTC) has not yet entered a state of market euphoria, as the spot price on Binance still trades above the perpetual price, reflecting caution among derivatives traders.
He added that the gap is narrowing, indicating a shift toward growing optimism. Historically, a positive flip in this metric has triggered parabolic rallies driven by leverage and fear of missing out (FOMO). Although the gap remains negative, Wedson explained that the trend suggests the market may be preparing for a stronger bullish move. A positive gap, he said, could serve as a breakout signal. 0 reply
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