My Personal Take on the Recent BTC Spot Premium Signal:
Over the weekend, something interesting happened with $BTC
spot premium. While the price dropped from 106k to 103k, the spot premium actually kept increasing. That’s a strong signal that spot demand was still flowing into the market — even as a large number of futures shorts were opening, and possibly some longs were closing.
This kind of divergence between spot and futures is worth noting. It’s a classic setup that suggests shorting in the short term could be risky.
Now, from a pure price structure perspective, the breakdown of the previous range does look bearish — no doubt about that. But what's unusual here is that internal market liquidity seems to be fighting that bearish structure. That's why we're seeing both price and premium moving up together.
So what does this mean? For bulls, it might be smart to just wait and avoid jumping into a long right now. And for bears — be cautious. A quick rebound toward 106.6k could easily trigger stop losses on your shorts.