BTC ETH Gouzhuang is indeed making big moves when the emotional consistency is bearish. However, for players on the left side, the signal to give up on reaching the top in this round is still quite obvious, which is the key data that has been emphasized these days. Now let's take a look at what level these data are at after the Big Cake breaks through the historical high; 1： The funding rate mentioned yesterday that the funding rate of Da Bing has finally recovered to the level of 0.01. However, after the article was published, the funding rate of Da Bing quickly began to decline again, indicating that short selling sentiment still exists. In the end, Da Bing rose by about 6 points, breaking a historical high. It was not until 5 am today when the needle burst to 117500 that the funding rate returned to the level of 0.01; 2： The positive premium of Big B Network has begun to turn into negative premium, and the price node of the transformation is above 113. This means that the main force of Big B Network, which has been attracting funds recently, is gradually taking profits and selling. Currently, the negative premium level is not too high; 3： ETF data: Currently, BlackRock's data has not been updated, but everything else has been updated. Excluding BlackRock, yesterday's ETF is still in a net buy state. However, when other issuers are in a buy state, BlackRock will also be in a buy state; Summary: These three signals essentially represent the funding tendencies of contracts, spot stocks, and ETFs, respectively. The reason why the news of wallet transfers was bearish a few days ago and we have been emphasizing the abandonment of reaching the top is that none of these three funding signals support reaching the top; At present, the funding rate remains at the standard level of 0.01, and the premium of Big B Network has begun to turn negative. ETFs are still in a net buying state, so it can be seen that there is a divergence of funds at this position. Contract funds are leaning towards long positions, spot funds are leaning towards selling, and ETF funds are temporarily maintaining purchasing;