BTC spot and futures transactions on major exchanges in the past 12 hours:
Spot market:
1. Aggregate spot continues to sell;
2. Coinbase spot has small sales;
3. Binance spot remains at a normal level;
4. OKX spot is generally normal, but the sales ratio is slightly higher than that of Binance spot;
Futures market:
1. There was a wave of liquidation/shorting in the aggregate futures market, and then it returned to normal;
2. CME did not have large transactions after last night, and small purchases/shorts began to appear;
3. Binance futures always maintain small sales/shorting;
4. There was no obvious change in OKX futures, but the hourly line of 65,500 that tested the left high point at the end of September was driven by OKX futures traders and Binance spot traders.
Summary: Yesterday's rise was too fast. Currently, both the futures and spot markets are sorting out their positions. US spot investors are still selling at a small scale. The futures market focuses on taking profits on some long orders, and a small number of short positions are re-established;
