BlockBeats News, February 15 — CryptoQuant analyst @AxelAdlerJr stated that the Bitcoin basis (7-day simple moving average) has fallen back into the neutral zone as the premium between spot and futures narrows significantly.
He pointed out that this change indicates the demand for establishing long positions through derivatives is weakening, and the market is no longer pricing in an aggressive risk appetite scenario. Typically, this suggests a decline in risk appetite, the start of deleveraging, and investors shifting to a wait-and-see stance.
Axel Adler Jr believes that the derivatives market has not been able to continue driving prices higher. If bulls want to regain momentum, they will need stronger spot buying support.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
天桥资本创始人：BTC四年周期仍有效，预计2026年Q4重启上涨
天桥资本创始人Anthony Scaramucci表示，比特币当前熊市可由四年周期理论解释，长期持有者在10万美元附近集中抛售。他预计比特币将在2026年四季度重新上涨，开启新的牛市周期。机构投资者及ETF资金流入对四年周期产生抑制，但未完全消除其规律。
GateNews2m ago
Crypto Market Review: Did Shiba Inu (SHIB) Finally Hit Price Top? Bitcoin's Catastrophic Tumbling Might Not Be Over, Can XRP Realistically Lose $1? - U.Today
Shiba Inu's momentum cannot be maintained
Volumes are unhealthy
Will Bitcoin recover?
XRP's price drop is not simple
XRP might tumble even lower
Exhaustion rather than recovery is a great way to characterize the current state of the cryptocurrency market. The back-and-forth that we are
UToday1h ago
NYSE Cancels Crypto ETF Options Position Limit of 25,000 Contracts, SEC Exempts 30-Day Waiting Period
NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, have submitted rule changes to the SEC to eliminate position limits on spot Bitcoin and Ethereum ETF options, effective immediately. This change affects 11 cryptocurrency ETFs and allows large, liquid ETFs to have higher position limits. Meanwhile, Nasdaq ISE has proposed increasing the position limit for IBIT exclusive options to 1 million contracts, pending review.
GateNews1h ago
BTC drops below $68,000, with a 24-hour decline of 3.47%
Gate News report: On March 23, BTC/USDT is now trading at 67971.9 USD, breaking below the 68000 USD level, with a 24-hour decline of 3.47%.
GateNews1h ago
Ethereum At the Crossroads – Breaking 0.03250 BTC Is the Key to Reigniting the Altcoin Bull Market
The current state of the crypto marketplace is marked by a profound sense of uncertainty. This state has often been referred to as “no man’s land,” and Bitcoin has consistently been the coin that elevates all others. However, at this moment, the dynamic between Bitcoin and Ethereum, is
BlockChainReporter1h ago
