The Binance Spot-Perp price Gap just turned negative after remaining positive for an entire month.
A negative value indicate that Perp price is below the spot price wich could potentially signaling a selling pressure on the short term and a bearish sentiment on the derivative market.
However, considering that funding rates remain low, this signal is not yet significant.
With open interest still at elevated levels, it will be crucial to monitor this metric closely to determine whether the market is leaning toward a short-term correction or entering an accumulation phase.
Written by Darkfost