Analysts: Bitcoin futures premium and open in…

PANews reported on July 6th that CryptoQuant analyst Axel Adler Jr. released a report indicating signs of improvement in the Bitcoin futures market: futures prices are higher than spot prices for the first time in a month, and the basis returned to positive territory in early July after hitting a low of -0.40% in the third week of June; the 30-day moving average of the open interest index has also turned positive, reflecting a surge in long positions over the past few days and a return of risk appetite. However, the analyst stated that the improvement in both indicators is still relatively shallow—the premium is only slightly above zero, and the open interest index has shown signs of cooling in the last two days. The current state is closer to normalization than a trend reversal, and a sustained positive basis and positive open interest are needed to confirm a shift in the market pattern. The main risk lies in the failure of the early return of leveraged demand to be sustained, which could instead trigger a new round of market consolidation.

Analysts: Bitcoin futures premium and open interest index both turned positive, indicating a recovery in leverage demand.

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