2025-12-24 10:35:46

Today Market 1 - CVD Funding Situation

In the past week, from the 19th to the 22nd, the selling pressure in the spot market temporarily subsided.
Therefore, driven by the futures contracts, there was a wave of small-range movements.

However, since the wave starting from the 22nd reaching 9W... the selling pressure in the spot market has continued.
Over the past two days, the total net selling pressure across the entire network has reached 600 million (active shorts - active longs).

The price has also dropped from 90k to around 86k... At least in the past two days, passive buy orders have not been strong.
Considering that last week MSTR's pure fundraising did not involve buying spot assets... this week, there has been no sign of MSTR's buying activity either.

Therefore, the price continues to decline under the ongoing selling pressure.

The price has gradually approached the key level around 86k to 85k... These two levels are especially important before the 26th.
Details will be discussed in the GEX section below.

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