At present, the capital inflow is basically bought by spot players, which is better. The larger the spot volume, the better, and the more stable and lasting the market.
ETH has been so strong recently, all driven by institutional buying of spot. BTC was hit by 80,000 BTC on Friday, and it was also stabilized by spot buyers. Everything still depends on the spot, which is the power of funds outside the circle.
Those who play contracts are either the main force or the leeks gamblers in the circle.