CryptoQuant: BTC Shows Short-Term Overheated Conditions, Potential for New All-Time High if Upward Trend Continues in the Next Two Weeks

BlockBeats News, September 18th, CryptoQuant analyst Axel Adler Jr posted on Platform X stating that the trading price of BTC futures is higher than spot price, with the basis continuing to be positive, with the 7-day average above the 30-day average, indicating a bullish state. Overheating/divergence signals appeared before the Federal Open Market Committee, showing a short-term overheating (the basis rising in light volume), indicating that this trend is in a late-stage.

The fundamental situation for the next two weeks (possibility at 70%): gradual upward trend/sideways consolidation. If a set of green trend confirmation signals (price increase + basis increase + OI increase) appears in the next few days, this will indicate new long participation and increase the likelihood of a new ATH.