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📅 July 3, 7:00 – July 9,
Last night, after the $BTC price stopped falling, the spot premium, which had been declining all the way, has returned to the level before the fall during the current low-volume fluctuations...
Considering that there should not be any USD Spot funds trading in the market over the weekend, this rebound in spot premium is likely due to an increase in selling pressure from the futures market.
I checked that the funding rate on a certain trading platform is already negative, it should be correct...
This indicates that the increased high-leverage liquidation liquidity over the weekend mainly comes from short positions.
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