PANews reported on November 12 that according to The Block, the Bitcoin futures basis yield has climbed to a seven-month high, and QCP Capital analysts believe this may indicate an increase in market leverage risk. The current market demand for high-strike call options is strong, indicating that investors are optimistic about further increases in the future.
Analysts pointed out that the funding rate of perpetual contracts has increased significantly, the basis has exceeded 18% at the end of November, and the price of Bitcoin is close to the key $90,000 mark. QCP analysts warned that high basis yields may be accompanied by leverage liquidation risks, and if the price trend is unfavorable, it may trigger a market correction.
In addition, Philipp Pieper, co-founder of Swarm Markets, said that the recent rise in Bitcoin was partly due to the re-entry of wait-and-see capital into the market, but fluctuations in market sentiment may lead to mid-term profit-taking, bringing about price fluctuations.
