An interesting contrast The spot order book shows a strong bottom-fishing signal The imbalance intensity of buy orders in the order book matches the strength seen at previous bottoms But, but, the contract order book doesn’t show a stronger imbalance Unfortunately, contract players have been propping up the market during the drop Yet when the real bottom appears, they hesitate It’s truly a fascinating comparison Spot players act fast, precise, and decisive, with clear judgment on tops and bottoms While contract players are a different story: wild at the highs, calm at the lows At the current price, the spot order book shows a highly consistent willingness to prop up the market Meanwhile, the contract order book shows hesitation and retreat, with high instability One moment there’s a buy order imbalance, the next moment it’s a sell order imbalance Makes you think deeply