The state of BTC spot premium over the weekend is quite ordinary, after all, the US dollar funds are not present in the market, and a slow decline in premium is also normal;

However, the previous rapid rebound of the premium from a low point and the judgment of price rebound are not incorrect, and indeed there has not been a larger level of spot supply afterwards;

The current negative premium state is not very healthy, considering the market's low liquidity during the Christmas period next week, there is still a possibility of targeted liquidations in the futures market;

As the saying goes, "When there are no tigers in the mountain (spot main force), the monkeys (futures speculators) call the shots!" When the futures main force starts to grab liquidity everywhere, the market is often interpreted as a "monkey market."