A very interesting contrast: The spot order book shows strong buy signals. The buy order imbalance is as strong as it has been at previous bottoms. However, the futures order book doesn't show a stronger imbalance. Unfortunately, futures traders have been supporting the price during the decline. They hesitated when the real bottom appeared. It's a very interesting contrast. Spot traders act quickly and decisively, with clear top and bottom judgments. Futures traders, on the other hand, are a different story: frantic at highs, calm at lows. At the current price, the spot order book shows a highly consistent willingness to support the price. The futures order book shows hesitation and retreat, while being highly unstable. One moment buy orders are unbalanced, the next sell orders are unbalanced. It's chilling to think about. 😶