The BTC market has recently shown a similar pattern. The spot side continues to be under pressure, especially the trading volume on leading exchanges. Since Friday, the net buy volume has accumulated to about 4000 BTC, reflecting a certain level of market participant confidence in supporting the price.

However, signals from the futures market appear relatively cautious. The CVD (Cumulative Volume Delta) remains flat, indicating a fierce battle between bulls and bears. Open interest has experienced a certain decline, suggesting some speculative leverage has been liquidated. The funding rate also remains neutral, with no signs of extreme bullish or bearish sentiment.

Overall, the spot performance is stronger than expected in the futures market, but the market as a whole is still in the process of digestion and consolidation.