Today's Market Today is pretty much the same as yesterday... Trading within the order range is working out quite well. Looking at the orders, it's still the same as yesterday: Upper range: 84.7k~86k Lower range: 82-83k... (Image 1) The difference is, after hitting 82.9k yesterday and failing to break lower, suddenly there’s a massive amount of contract orders below 83k... Even the far-range color bands for contract orders have appeared (Image 2). If we get a chance to dip to 82k, that would naturally be a better RR opportunity... I’m guessing there are quite a few bulls waiting around 82k recently... Today is PCE data day, so maybe there will be some opportunities for movement in the upper and lower ranges after the data is released. --------------- On the funding side Yesterday, premiums fluctuated up and down, but ETFs still saw a net inflow of $66 million. However, today’s funding situation feels pretty fragmented... Before the market opened, the overall premium was above zero, which is positive (but this is before the data release). On the other hand, Coinbase’s spot CVD has been steadily declining... And the slope is almost fixed, indicating there’s consistent TWAP selling pressure. This is the opposite of the premium... So there’s not much reference value from the funding side.