BTC ETH I have been observing data for a long time, and the premium between Binance perpetual contracts and Binance spot contracts. In the past six months, Binance perpetual contracts have maintained a negative premium compared to spot contracts; But after breaking through a new high in the market, the negative premium has actually started to turn positive since last night, indicating that traders are starting to bet on long positions in the contract market. It's really more difficult to go short than to lose money; According to historical records, when the positive premium of the contract appears, unless it is a super large trend, the top is almost reached; There were two super major trends in this bull market. One was when the market rose from 50000 to 70000 in February 2024, and the other was when the market rose from 70000 to 100000 after Trump became president. During this period, the contracts were all positive premiums. In addition, once the contract premium increased, the peak building phase also came;