The crypto market is showing signs of selling pressure after Binance’s Spot-Perp spread turned negative, after a month of positive. This indicates bearish sentiment in the derivatives market.

However, the funding rate remains low, suggesting that this signal is not yet significant.

With open interest still high, it is important to monitor this metric closely. Whether the market will experience a short-term correction or enter an accumulation phase remains to be seen.

Amidst this uncertainty, Bitcoin remains a bright spot with promising long-term growth potential.