According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr. wrote on the X platform that BTC futures are trading at a premium to spot, and the basis remains positive, with the 7-day moving average above the 30-day moving average, indicating a bullish outlook. Overheating/divergence signals appeared before the Federal Open Market Committee meeting, indicating a short-term overheating (basis rising on light volume), indicating that the trend is in its late stages.

Base case scenario for the next two weeks (70% probability): Gradual uptrend/sideways. If a set of green trend confirmation signals (rising price + rising basis + rising OI) emerge within the next few days, it will indicate fresh bullish participation and increase the probability of a new ATH.