In an Apr. 13 post, CryptoQuant contributor Joao Wedson noted that the gap between Bitcoin’s futures price and its spot price on Binance is starting to shrink.
This gap, known as the perpetual-spot gap, shows the difference between what traders are paying in futures contracts versus the actual price of Bitcoin.
Given that the gap is currentlynegative, futures market participants may be exercising caution or taking profits following Bitcoin’s previous surge to almost $90,000. However, the narrowing gap may indicate that selling pressure is easing.