Bitcoin Rally Potential as Perpetual-Spot Gap Narrows, CryptoQuant Analyzes

CryptoQuant suggests Bitcoin could experience a bullish trend reversal, driven by a narrowing perpetual-spot gap. Joao Wedson’s analysis highlights that the gap between Bitcoin’s futures and spot prices on Binance is shrinking, indicating easing selling pressure. 40,000 BTC was accumulated around $79,000, while another 51,000 BTC was accumulated around $82,080, potentially serving as support should prices decline further. A positive shift in the perpetual-spot gap has historically led to Bitcoin price increases.