2026-01-03 14:00:12

#数字资产动态追踪 Bitcoin breaks through $90,000, reaching a nearly three-week high, but behind the celebration, turbulent currents are brewing—leverage longs are clearly losing enthusiasm.

Data speaks for itself. The annualized futures premium is only 4%, indicating that contract traders are not optimistic about further gains; since mid-December, spot ETF net outflows have exceeded $900 million, with large funds systematically withdrawing; more strikingly, the volume of put options traded on Saturday surged, as institutional investors buy insurance to guard against a sudden crash.

Although $BTC, $ETH, and $DOGE are rising, the actions of professional traders reveal their true thoughts—the confidence in further increases is weak, and hedging operations are becoming more frequent. This is not a scenario everyone is optimistic about.

Should you chase the highs or wait and see? There is no absolute answer. Long-term holders remain confident, but smart money has already started to watch while moving. Instead of chasing high prices, it’s better to prepare—wait for a pullback, and seize the opportunity when prices dip, which often offers more profit potential than chasing the rally. Every market dip is a textbook-level testing opportunity.

What’s your view? Are you firmly bullish, or do you prefer to wait for a pullback before re-entering?

BTC3,14%

ETH5,08%

DOGE5,51%

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LiquidatedTwice

· 01-06 02:26

Hmm... The 90,000 level feels a bit虚啊, large funds are quietly fleeing, and there are still people追高真的是勇士 Spot ETF一直在流出, this signal is too obvious, how can there still be people信涨呢暴增的看跌期权, institutions are hedging风险, we retail investors are still pondering whether to追不追... the gap is a bit大 Instead of追, better wait for it to跌个20%再说, history will repeat this套戏码 The data is right here, contract溢价才4%, can't you see this? I think now is just an illusion,狂欢过后往往是深渊聪明钱在撤, we are still纠结, enough already

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SelfStaking

· 01-05 08:59

Looking at these data points, something doesn't seem right. Institutions are running, and the contract premium is still so low. I'm a bit scared now. --- Chasing the high? Forget it, I'll wait to be knocked down and pick up the bargains. --- A net outflow of 900 million USD is a bit intense. Smart money is definitely moving out. --- Where's the promised new high of 90,000? The put options are so popular that institutions must be suppressing the price. --- Instead of chasing this wave, it's better to wait for a dip to buy in. Patience is key to making money. --- Emm, low premium + large withdrawals + surge in put options—this combination makes me doubt this rally. --- Long-term holding is indeed firm, but I just want to wait for a pullback to enter. The risk is too high. --- Bitcoin has risen, but it feels a bit hollow. Large investors are not confident.

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ImpermanentPhobia

· 01-03 14:25

Institutions are buying put options, which really explains the issue. A net outflow of $900 million is not a small figure; smart money has already started to run.

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OnlyOnMainnet

· 01-03 14:22

Smart money is already reducing positions, so what are you chasing? Waiting for a pullback is the real strategy.

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BrokenYield

· 01-03 14:08

ngl the 4% annualized premium is basically screaming "nobody's buying this dip" in institutional speak... meanwhile retail's still chasing 90k like it's the promised land lmao

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UncleLiquidation

· 01-03 14:05

Institutions are building walls, and retail investors are still chasing? A $900 million outflow is no small number. --- The surge in put options signals something very obvious—big players are preparing parachutes for themselves. --- A 4% premium says it all; no one is taking over the contract positions anymore. --- I just want to know who is still buying at the $90,000 level. Anyway, I’m waiting. --- Feeling uncomfortable, my BTC holdings are up but I’m not happy. Something just feels off. --- Instead of chasing this high, it’s better to clear out and wait for a dip. History will repeat itself anyway. --- Looking at the ETF net outflow, those still daring to chase are basically bagholders. --- Smart money is running, I should wake up too. --- This kind of market is the hardest—when it’s rising, feeling anxious about the upside. That’s the real technical warning. --- A $900 million big retreat—honestly, it’s a bit alarming.

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