The Bitcoin futures basis yield has risen to a seven-month high

ChainCatcher news, according to The Block, the Bitcoin futures basis yield has risen to a seven-month high, and QCP Capital analysts believe this may indicate an increase in market leverage risk. Current market demand for high strike call options is strong, showing that investors are optimistic about further increases in the future.

Analysts point out that the perpetual contract funding rate has significantly increased, with the basis exceeding 18% by the end of November, as the Bitcoin price approaches the critical $90,000 mark. QCP analysts warn that high basis yields may be accompanied by leverage liquidation risks, which could trigger a market correction if price movements are unfavorable.

Additionally, Swarm Markets co-founder Philipp Pieper stated that the recent rise in Bitcoin is partly due to cautious capital re-entering the market, but fluctuations in market sentiment may lead to mid-term profit-taking, resulting in price volatility.