During the weekend, the performance of the BTC spot premium was relatively stable, which is understandable, as USD funds have not been active in the market. A slow decline in the premium is a normal phenomenon.

However, the earlier rapid recovery of the premium from its low point indicates that the forecast for the price rebound was accurate, and indeed, there has not been a larger scale of spot supply since then.

Currently, the state of negative premium is not ideal. Considering that Christmas is approaching next week, market liquidity may decrease, and there may be targeted liquidation actions in the futures market.

As the saying goes, "Without the main force in the spot market (like a mountain without a tiger), the speculative funds in the futures market (like monkeys) begin to dominate!" When the main force in futures starts to look for liquidity everywhere, such a market is often described as a "monkey market."