Blockchain analytics company Glassnode published a post on the X platform stating that Bitcoin's spot and futures CVD (Note: CVD is cumulative trading volume increase, which tracks the net pressure of active buying or selling and is used to determine market direction) has flattened for the first time since the peak on October 10th, indicating that the recent strong market selling pressure has subsided. Furthermore, the funding rate remains below the neutral level of 0.01%, indicating no excessive long positions or bubbles. In fact, the funding rate has dropped significantly several times in the past two weeks, indicating that participants are tending to be cautious.