"Bitcoin (BTC) futures premium hits 15%"

Summary

Cointelegraph reported that "the Bitcoin (BTC) futures premium has climbed past the neutral benchmark of 10% to 15%."
The outlet said, "This suggests demand for long positions is excessive," adding that "total crypto market capitalization has moved up and down within a narrow ascending channel over the past 10 weeks."
It added, "This indicates bullish momentum remains even though it has failed to break above the key resistance level of $1.7 trillion," while noting that "if traders rely heavily on the futures market rather than the spot market, cascading liquidations could occur."

Forecast Trend Report by Period

On the 29th (local time), Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), reported that "the Bitcoin (BTC) futures premium has climbed past the neutral benchmark of 10% to 15%."

The outlet said, "This suggests demand for long positions is excessive," adding that "the total crypto market capitalization has moved up and down within a narrow ascending channel over the past 10 weeks."

It further noted, "This indicates bullish momentum remains even though it has failed to break above the key resistance level of $1.7 trillion," while adding that "if traders rely heavily on the futures market rather than the spot market, there is also a possibility of cascading liquidations."