<div><h3>Fireline Report</h3><p> The negative premium between ETH futures on CME and spot CB hit a new low for the year. The market was under short-term pressure and on-chain sentiment fluctuated slightly.</p><h3> behind the scenes</h3><p> Institutions are repeatedly pulling and pulling in the spot-futures arbitrage range, the market rhythm is driven by big players, the negative premium releases a signal that some funds are waiting and watching, and the emotions of the E-family army are still swirling in the market.</p><h3> Trading Guide</h3><p> ETH&#39;s short-term volatility has intensified. It is recommended to harvest profits on some positions, and pay attention to the negative premium continuing to link with the price for the remaining positions. Don&#39;t All In all-in before the wind direction is clear. It is suitable for swing trading.</p><p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>Updated at 08-13 20:58</small><br><small>AI-generated summary, not investment advice</small></p></div>