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During this dumping period, the BTC Spot premium has hardly changed.



It doesn't mean there are no shorts; there may indeed be quite a few shorts.
But at the same time, it is accompanied by a large amount of Spot dumping from major BTC whales.

This has led to a lack of the large spot premiums that we typically see in such severe sell-offs.

Once the Spot dumping decreases, we may see some relief/bear squeeze. However, at the current dumping rate, this will be a difficult task.
BTC1.57%
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