Summary
- It is analyzed that Bitcoin is showing a bullish trend over the weekend, continuing its upward momentum.
- Dan Crypto Trade warned that the overheating of long positions could disrupt market balance.
- He also cautioned about the interesting developments expected in next week's market.
Bitcoin (BTC) is raising concerns about potential market overheating as the futures price premium over the spot price disappears.
On the 10th, a cryptocurrency analyst, Dan Crypto Trade, pointed out on X (formerly Twitter) that "Bitcoin is showing a strong upward trend over the weekend, but the spot premium that existed initially is gradually disappearing." He added, "This does not immediately lead to a problem, but relatively, long positions are accumulating faster than spot buying."
He warned, "Generally, if the market leans too quickly towards long positions, it can overheat, eventually leading to a sharp decline as long positions are liquidated." He also predicted, "Next week's market will unfold in a very interesting manner."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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