The status of BTC spot premium over the weekend is quite normal, after all, USD funds are not in the market, and a slow decline in premium is also normal;

However, the previous rapid rebound of the premium from a low level and the judgment on price rebound is correct, and indeed there has not been a larger scale of spot supply afterwards;

The current negative premium status is not very healthy, considering the market's low liquidity during the Christmas period next week, the futures market may still see targeted liquidations;

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