The global stock markets are closed on the first day of the New Year, and trading is paused worldwide, while the futures market is quietly turbulent with low liquidity.

Current prices are slightly adjusting downward, while spot premiums are slightly increasing, suggesting that futures shorts are actively opening positions.

Weak spot demand may strengthen the short selling forces. If a quick pullback occurs this week, relieving futures supply pressure, the market may see a turnaround next week.

Price declines and rising premiums indicate that the end of the pullback trend is near, with short selling confidence increasing, and long positions may exit to cut losses.

91000 has become a key support point; if it holds, the pullback may stop, but if it breaks, the extent of the pullback may deepen before concluding. Market dynamics are worth watching. $BTC $ETH $XRP #比特币战略储备 #币安Alpha公布第9批项目 #MicroStrategy增持BTC #2025比特币价格预测 #BTC挖矿难度创新高