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There is not much trading volume over the weekend, and neither longs nor shorts have much capital entering the market.
The funding rate is not significantly negative; the 74k short positions holding on stubbornly are pushing towards 79k, most of which have been liquidated or cut losses and exited.
There are no market buy orders from shorts to serve as fuel, and longs lack the motivation to continue pushing higher.
IO shows a flat trend; at this level, large funds are not willing to enter.
CVD is stagnating and rising slowly, lacking genuine spot buying support, which is related to non-trading hours.
Waiting for both sides' funds to continue entering the market and compete on Monday.
The personal view still expects an upward breakout past 80k or even higher.