The Spot market has been quiet since the Whale sold off their holdings, but the futures market is bustling...

In just one weekend, a large amount of liquidity has accumulated in the price range, so it can be basically confirmed that the Spot market has completely turned into a futures market.

Most trend markets follow this rhythm: when the price reaches a new level, it first needs to absorb spot supply, and only then can it complete the futures turnover through fluctuations.

Whale has finished unloading, which means the spot supply has been completely consumed, and next is the turnover on the futures level.

At this stage, liquidity often dictates where prices go for liquidation, and the trend background is bullish, so the probability of short liquidity being liquidated is somewhat higher.

In the short term, if the price shows "clear or not" behavior in the upper short position liquidation zone on Monday, there will still be a minor pullback. However, ultimately, all these short liquidities below the previous highs or below 126k will need to be liquidated.

After all, the phenomenon of "unclear invitation" that occurred on Friday indicates that there is not much supply in the spot market and that demand has regained dominance. #Gate Launchpad IKA上线 #以太坊重返3800 #美欧达成关税协议 #BTC #ETH