The Spot-Perpetual Price Gap on Binance remains negative, indicating persistent selling pressure on Bitcoin. The perpetual price being lower than the spot price is creating market liquidity and is seen as a selling opportunity. This suggests that the perpetual market continues to maintain its selling pressure.

Deep liquidation hunts are contributing to the widening gap, utilizing these gaps for liquidity purposes. The accumulation of short positions is aiding in fulfilling liquidity needs for potential upward movements. While Bitcoin has not yet reached its fair value, it is approaching closer, signaling a cautiously optimistic outlook for the market.