According to glassnode, the unwinding of the cash-and-carry trade is occurring as the long-side bias weakens, signaled by ETF outflows and CME futures closures. This shift in positioning is adding selling pressure to spot markets. ETFs, which possess lower liquidity compared to futures, may exacerbate short-term volatility.

According to Ai 姨 (@ai_9684xtpa), a significant trader quickly closed a 50x leveraged long position on ETH and immediately reinvested the proceeds into purchasing 1,879.88 ETH in the spot market. Over the past 24 hours, this trader has accumulated a total of 3,747.76 ETH, valued at $7.56 million, with an average purchase price of $2,017.17, currently facing an unrealized loss of $353,000. This move indicates a strategic shift towards spot accumulation while maintaining a presence in the futures market, suggesting a bullish outlook on ETH.

According to AltcoinGordon, the phrase 'Comfy in spot' suggests a stable and potentially bullish sentiment in the cryptocurrency spot market. This reflects a trader's confidence in their current spot market positions, indicating a period of low volatility or a favorable risk-reward ratio. Such sentiment could imply that traders are holding their positions rather than moving to futures or derivatives, possibly due to anticipated gains in spot holdings. This is critical for traders considering short-term spot market strategies.

According to Mihir (@RhythmicAnalyst), the recent bounce in Bitcoin prices did not sustain, and there is a high probability that the CME gap will be filled. It is important to note that the price levels on CME Futures differ from those on the spot market, which could affect trading strategies.

According to Skew Δ, Bitcoin and risk assets have once again experienced a sell-off. This movement was primarily led by the spot market, followed by perpetual futures. The sustaining factor for the price has been passive buying. Traders should monitor passive buying activity closely, as its absence could lead to increased price pressure.

According to Skew Δ, the Binance spot market for BTC is experiencing an interesting trading day following a higher-than-expected inflation report. Stacked bids were filled during the sell-off, indicating potential for a bounce attempt later in the day. Traders should monitor transaction flows closely, especially given the filling of large buyer orders.

According to Skew Δ, the BTC Binance Spot market is currently experiencing a tightly pinned market condition, often resolved through macroeconomic factors. The expected price action for today is quoted within a range of $95K to $100K. Market supply is identified to start at around $102K, while market demand begins at approximately $92K, indicating significant trading interest and potential price movement within these bounds.

According to Ai 姨, BTC positions have not been closed, and ETH is currently favored in the spot market, though trading activity is highly frequent.

According to @ai_9684xtpa, there was a spot purchase with no liquidation price.

According to Greeks.live, the work posted by Skew is highly beneficial for spot market and perpetual traders. While options traders might not focus on this type of information, it provides valuable insights for those involved in these specific markets. Greeks.live noted learning something new from engaging with Skew's content, highlighting its educational value.

According to Greeks.live, Skew's market analysis is highly beneficial for spot and perpetual market traders. While options traders like Greeks.live may not focus on this data, they acknowledge its usefulness and have even gained insights by engaging with Skew's content.

According to EmberCN, the user Nina20157119 is trading in the spot market but has also added leverage to their positions. This indicates a more aggressive trading strategy that could amplify both gains and losses.

According to @GreeksLive, the spot market has been experiencing a consistent downward trend for the last three months. Despite expectations of upward movement, the market has been 'down only,' indicating a bearish sentiment.