Odaily Planet Daily News QCP Capital released a research report stating that BTC continues to soar to new all-time highs. Despite reaching new highs, the volatility has not reacted significantly due to massive profit-taking from long-term bullish options. This means that the market is well-prepared for this pump. The financing interest rate of Perpetual Futures is very high, and the basis income has also reached the highest point in seven months. Despite maintaining a structural bullishness, caution should be exercised for any pullback, especially pullbacks from leverage liquidation. Historically, this sharp pump in basis income usually does not last long. In the short term, it is expected that the Spot market will fluctuate around these levels, and the volatility may weaken.