Less than 24 hours before the futures delivery of this cycle, the biggest pain point of BTC is still $27,000, and the short-long ratio remains at 0.87.

Although the spot price has risen and deviated from the biggest pain point, after entering the main trading hours in Asia, the BTC price fell instead and is still 2% higher than the biggest pain point.

Based on the current downward trend of the three major U.S. stock index futures, if U.S. stocks continue to fall, it is likely to drive down the prices of BTC and ETH. Challenger layoffs and unemployment benefits data may also affect U.S. stock trends.

The current nominal funds of BTC exceed 380 million US dollars, and it is not a big problem to reach 400 million US dollars before delivery. The biggest pain point for ETH is still $1,650, with the spot price falling slightly and the short-long ratio rising slightly.

Although the short-to-long ratio and the biggest pain point are reference factors, they cannot be used as the only basis for opening orders. You need to pay attention to the particularity of delivery options.