Checked the current contract long-short ratio data for $BTC and $ETH

The large account long-short ratio reached 2.14, with long positions accounting for 68.15% and short positions accounting for 31.85%;

The retail long-short ratio is only 0.8, with 44.65% of individuals holding long positions and 55.35% holding short positions.

In summary, large accounts, institutions, and whales are generally bullish in the short term, while retail investors generally believe that the price will decline after hitting resistance.

Currently, many retail investors are waiting for a pullback to enter the market, so the market has not pulled back; it is estimated that a pullback will only occur when retail investors can no longer resist chasing higher prices.