It's Time to Be Careful in the Bitcoin Market: We Are Pricing Risks Lower.

In recent days, noteworthy developments have been occurring in the Bitcoin (BTC) market. The risk appetite in Bitcoin futures has noticeably weakened, and investors appear to be adopting a cautious stance. According to data from a CryptoQuant analyst, the Basis value that measures the difference between Bitcoin futures contracts and spot prices has recently turned negative again. This situation indicates that a cautious atmosphere in the market has strengthened.

Negative Basis means that futures prices slide below the spot price, and it typically shows that investors are reducing leverage usage and tending to decrease their positions. According to the CryptoQuant analyst, such a scenario is often encountered during periods when investors are risk-averse. Currently, Bitcoin is trading within what is referred to as the pressure zone, known as the Base Zone, indicating that the selling trend continues.

Additionally, the downward trend of the 7-day and 30-day moving averages in Bitcoin futures suggests that the sentiment of short-term futures has clearly turned negative. The Basis, moving in negative territory, reflects that the futures market is no longer offering a premium and that investors have started to price risk lower.

According to the CryptoQuant analyst, an increase of the Basis above the range of %0 to %0.5 could be one of the first signs that confidence is returning to the futures markets. A market showing a positive trend again may pave the way for both leveraged investors and institutional buyers to become more willing to take risks. Therefore, it is important for investors to carefully monitor short-term market movements and review their risk management strategies.