When will it rise?

We have to wait until those who make contracts completely lose confidence and dare not open positions anymore.

In late October, the main forces pressed the contract premium below 1 four times, which also triggered three liquidations: on October 17, 600 million was liquidated, on the 22nd, 400 million was liquidated, and on the 30th, 1 billion was directly liquidated. After the first three liquidations, the market quickly rebounded to the previous high, and now ETH is still around 3800 points.

From the broader environment, QE has ended, there are expectations for interest rate cuts in December, and China-US relations are also easing, so we can't say that the bull market is over. It's just that this process is too exhausting, and make sure not to leave the market when you can't hold on anymore.