CryptoQuant: BTC shows signs of short-term overheating, and if the upward trend is confirmed in the next two weeks, it may reach a new all-time high

ChainCatcher news, CryptoQuant analyst Axel Adler Jr posted on platform X that the trading price of BTC futures is at a premium to spot, with the basis remaining positive, and the 7-day average is higher than the 30-day average, indicating a bullish state. Overheating/divergence signals appeared before the Federal Open Market Committee, which is a sign of short-term overheating (the basis rises with lighter volume), indicating that this trend is in its later stages.

The fundamental outlook for the next two weeks (70% probability): a gradual upward trend/consolidation. If a set of green trend confirmation signals (price increase + basis increase + OI increase) appears in the next few days, it will indicate new bullish participation and increase the likelihood of a new ATH.