BTC took advantage of the weekend to see some noteworthy data changes! Futures short fuel has been filled, but spot sellers are still continuing to ship, and the market is wavering between pulling up and clearing shorts or falling;

After the weekend's shrinking shock, variables have emerged:

1. The short liquidity in the futures market has begun to change significantly, and the area that previously lacked short liquidity has gradually filled up, as shown in the figure:

If there is a short-term buy order in the price, as it rises, the liquidity above will begin to be cleared one after another, making it easy to pull up the price, because short orders are cleared along the way, and there will be no interruption in fuel;

According to the distribution of short liquidity, the price can easily rush to more than 64,000, completing the full liquidation of short liquidity in the past week;

But this does not mean that this kind of pull-up and short-explosion market that everyone is accustomed to will definitely happen. Why? Let's look at the spot market;

2. The spot premium level has turned slightly negative. Although it is not very serious, it shows that there is continuous selling of spot funds; After a weekend, we can see that the Coinbase spot premium has begun to show a continuous negative value, as shown in the figure: This situation is more serious than the previous 10-hour negative premium before the daily line gate. The negative premium has appeared for 35 consecutive hours and has not recovered at all; This means that the spot selling order still maintains a small shipment even on weekends, which is different from the past month, every time there is an impending short The situation of secretly buying spot to increase premium before the pull-up is just the opposite;

Therefore, the current market has seen a rare synchronization between futures and spot, that is, the futures market is very bearish, and the spot market is also very bearish;

In the wide range of fluctuations in the past six months, the spot market has always been against the futures market. When the futures market accumulates a large amount of short liquidity, the spot market will secretly take over the price, and finally clear the short liquidity through the spot pull-up method to complete the shipment, and vice versa, the long liquidity will be cleared after the market is smashed; #新币挖矿DOGS #OpenSea收到韦尔斯通知 #OpenSea收到韦尔斯通知 #Telegram创始人获保释 #美联储何时降息？