[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Mizer [@MizerXBT](/creator/twitter/MizerXBT) on x 6865 followers Created: 2025-07-11 10:51:59 UTC After a long period of dormancy, the premium on Bitcoin perps has sprung back to life (perps are more expensive than spot). When the perp price trades above the spot price, that gap is called a premium, when it trades below, it becomes a discount. Premiums grow when bullish traders aggressively lift offers, willing to pay a surcharge in order to secure long exposure. This premium comes with BTC’s strong breakout. Rising open interest and a surge in cumulative volume delta suggest that fresh money is flowing into longs, not merely shorts being squeezed. In past times, comparable spikes in the funding basis have occurred near local tops, but they also mark the onset of powerful upside continuations when demand outweighs leverage risk. So what does actually mean then? Bullish interpretation: Market participants are confident, betting that price will keep climbing. If spot buyers step in to arbitrage the gap, the rally can broaden. Cautionary angle: Overly rich premiums often precede swift pullbacks. When funding costs soar, leveraged longs may unwind suddenly, leading to a sharp flush. Perps premium doesn't mean insta flush because we are overlevegared, you can check november-december 2024, it started in a similar way. It's just a data you have to know because it's saying you at this right time, many people is betting for up in perps. What do I think? I'm taking the bullish interpretation, but I'm cautious and watching all time and taking profit in small batches.  XXXXXX engagements  **Related Topics** [futures trading](/topic/futures-trading) [perp](/topic/perp) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [coins pow](/topic/coins-pow) [Post Link](https://x.com/MizerXBT/status/1943624304433717420)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Mizer @MizerXBT on x 6865 followers
Created: 2025-07-11 10:51:59 UTC
After a long period of dormancy, the premium on Bitcoin perps has sprung back to life (perps are more expensive than spot).
When the perp price trades above the spot price, that gap is called a premium, when it trades below, it becomes a discount. Premiums grow when bullish traders aggressively lift offers, willing to pay a surcharge in order to secure long exposure.
This premium comes with BTC’s strong breakout. Rising open interest and a surge in cumulative volume delta suggest that fresh money is flowing into longs, not merely shorts being squeezed. In past times, comparable spikes in the funding basis have occurred near local tops, but they also mark the onset of powerful upside continuations when demand outweighs leverage risk.
So what does actually mean then?
Bullish interpretation: Market participants are confident, betting that price will keep climbing. If spot buyers step in to arbitrage the gap, the rally can broaden.
Cautionary angle: Overly rich premiums often precede swift pullbacks. When funding costs soar, leveraged longs may unwind suddenly, leading to a sharp flush.
Perps premium doesn't mean insta flush because we are overlevegared, you can check november-december 2024, it started in a similar way.
It's just a data you have to know because it's saying you at this right time, many people is betting for up in perps.
What do I think?
I'm taking the bullish interpretation, but I'm cautious and watching all time and taking profit in small batches.
XXXXXX engagements
Related Topics futures trading perp bitcoin coins layer 1 coins bitcoin ecosystem coins pow