Recently, even though the BTC price is rising, only the futures market looks bearish—doesn't that seem strange? When looking at the charts, the movements of the spot market and derivatives are out of sync.

But analysts are saying, "This isn't bearish." The decline in futures might be due to position adjustments or strategic moves by institutional investors. It's precisely because BTC prices are holding steady that market participants' expectations are becoming more complex.

The key point is whether the upward trend in BTC prices is genuine or if the weakness in futures is a signal. We can only judge which is correct based on future price movements.