Evening Quick Report on Derivatives Market Within 24 hours, the entire network experienced a $63 million sell-off, with the majority accounting for 57% and the bears temporarily holding the upper hand. The weighted fee rate for Bitcoin holdings is only 0.0037%, while the fee rate for Binance has turned negative (-0.0062%), indicating a convergence of long leverage. The total contract position on the internet is $443.8 billion, with a growth of 2.72% in 24 hours, and funds are still entering the market. Macro: The Nasdaq futures rose 0.68% to 25186 points before trading, with crude oil fluctuating weakly around $94 and showing signs of a short-term decline. The rebound of the US stock market, low cryptocurrency rates, and rising holdings - a typical pattern of accumulating strength. Before the direction is clear, controlling the position is more important than betting on the direction. Data source: BBX