After the drop in the past two days, the contract holdings have decreased significantly, and both BTC and ETH have started to show negative funding rates, which has caused some panic among retail investors.

It is quite normal to see a rebound for correction at this time — not only to correct technical indicators but also to stabilize market sentiment. In fact, this is also preparing for further declines later. Additionally, it is important to note that the resistance for BTC is around 114300.