Crypto Quant analyst: BTC futures trading price is higher than spot, indicating that the market is bullish

According to Huobi HTX, Crypto Quant analyst Axel Adler Jr tweeted that the trading price of BTC futures is higher than the spot, the basis is continuously positive, and the 7-day basis is higher than the 30-day basis, indicating that the market is in a bullish state. Before the FOMC meeting, the market showed an overheating/divergence signal, with short-term overheating (the basis has risen and the trading volume is small), indicating that the market trend has entered the later stage. Basic situation in the next two weeks (~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), it indicates that new bulls are involved and the possibility of a new high is increased.