After a night of long-short game, BTC's futures holdings in the entire network have broken a new high again, and now it has reached 39.6 billion US dollars. Compared with 12 hours ago, the total holdings have increased by 500 million US dollars. The current price is still fluctuating around 68,000;

I roughly sorted out the relationship between BTC's total holdings and price trends in recent years, and indeed found some simple rules;

1. The emergence of a bullish trend often sees the price breaking a new high at the same time or before the holdings, which means that the buying that breaks through the key pressure level (range high) comes from the spot, and then the futures positions quickly follow up to take over, resulting in an explosive market, and then began to build a new range of fluctuations;

2. When a short trend starts, the open interest often falls below the support level (lower position) before the price, and a cliff-like shrinkage occurs. Then the spot selling gradually increases, and the price begins to fall slowly. This means that the start of a short trend often originates from a short-term collapse of the long position in the futures market, which then leads to the emergence of spot selling.

In summary, a long trend usually requires a large spot buying volume to start, while a short trend requires a large futures selling volume to start;#BTC能否站稳6W6 #Meme浪潮持续，你看好哪一个？ #BNB涨至600