[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.]

![traderview2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2336033479.png) Dom [@traderview2](/creator/twitter/traderview2) on x 30.4K followers
Created: 2025-07-15 15:23:06 UTC

$BTC spot premium update

This was the metric I used a few months back that held my bullish stance of a healthy trend and that prices were soon to go higher, which worked great

After nearly X months, the spot premium was lost right when $BTC hit 123k 

Like clockwork, we have seen the hardest rejection yet

What this basically means is that the perp market started getting overly aggressive right after that 120k break, which then just calls for a wipeout of that fresh leverage

The first time this happened back in October, we saw a very similar rejection, but then after, $BTC pushed higher WITHOUT a spot premium (this is the key scenario as of now)

Losing the spot premium for a consistent period is just a warning to keep eyes peeled for other signs, as it often marks swing high points

More cool down would be healthy IMO, holding the 112k breakout point is a must though

![](https://pbs.twimg.com/media/Gv6EVcOXQAENZu1.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945142084274369008/c:line.svg)

**Related Topics**
[perp](/topic/perp)
[$btc](/topic/$btc)
[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/traderview2/status/1945142084274369008)