CoinMeta data: In the last 4 complete hours, the trading volume of perpetual contracts on ETHUSDT was 12.37 times that of spot transactions. This ratio is used to observe the relative activity of derivative trades for the same asset compared to spot trading, and does not directly indicate a bullish or bearish stance. Both are calculated based on the trading volume in US dollars for the same pair, and do not represent the entire market. Data time: 10-02 03:59 (Beijing time).