CryptoQuant: Market Pressure Accumulates but No Capitulation Sell-off Detected
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CryptoQuant pointed out that the basis on the Chicago Mercantile Exchange (CME) is narrowing, and the futures curve is flattening. Unlike the market bottoms in 2018 and 2022, the current basis remains positive, and there has been no occurrence of futures discount (backwardation). The market is in a stage of pressure accumulation rather than capitulation-style selling.
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