A very interesting contrast: the spot order book shows a strong bottom-fishing signal with a significant imbalance in buy orders, matching the strength of previous bottoms. However, the futures order book does not show a stronger imbalance. Unfortunately, futures traders have been supporting the market during the decline, and when the true bottom finally appears, they hesitate. It's truly a fascinating comparison: spot traders act quickly, accurately, and decisively with clear top and bottom judgments, while futures traders exhibit a different scene—being frantic at high levels and calm at lows. Currently, the spot order book shows a high degree of consensus in supporting the market, whereas the futures order book shows hesitation and retreat, with high instability—sometimes buy order imbalance, sometimes sell order imbalance. It's quite terrifying upon closer inspection. 😶

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