PANews reported on February 10 that according to observations by Glassnode co-founder Negentropic, the ratio of BTC futures to spot has dropped to an annual low, and recent price movements have been volatile, with multiple false breakouts and failed declines. Currently, BTC is trying to return to the $97,200 to $98,500 range, a key range that is seen as an important foundation for hitting $100,000. However, if the futures market fluctuates significantly here, it could trigger more liquidations and lead to price instability.