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CryptoQuant: BTC has experienced short-term overheating, and the upward trend may hit a record high in the next two weeks

Source: ChainCatcher
According to ChainCatcher, CryptoQuant analyst Axel Adler Jr posted on the X platform that the trading price of BTC futures is relatively high than spot, and the basis is still positive, with an average of more than 30 days on the 7th day, indicating a bullish state. The overheating/divergence signal appears before the FAPC, a short-term overheating (the basis rises with light volume), indicating that this trend is in a later stage. Basic situation for the next two weeks (possibility is 70%): Gradually upward trend/sided consolidation. If a set of green trend confirmation signals appear in the next few days (price increase + basis increase + OI increase), this will indicate the possibility of new bulls participating and adding new ATH.
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