Exchange premium remaining negative is usually a short-term phenomenon. The movement of smart money often reveals the true market sentiment. Recently, the premium indicator has shown a clear rebound and is gradually returning to the positive zone. This shift is worth paying attention to—once negative pressure reappears, the market is likely to fall into repeated oscillations. The rise and fall of the premium essentially reflect market sentiment directly, especially in volatile markets, where it often anticipates the tendencies of large funds.