eBay needs to display the "Current High Bid" for active auctions. An auction is considered active if the current time is strictly less than the item's expiry date.
Write an SQL query to find the highest bid for item_id 701, provided the item has not yet expired.
Rules:
- The current timestamp is 2026-02-12 19:06:33.
- Only consider bids for item_id 701.
- The item is valid only if its expiry_date > '2026-02-12 19:06:33'.
- Output columns: item_id, highest_bid.
- Return the result in descending order of highest_bid.
Table Schema:
- Items: item_id, item_name, expiry_date (TIMESTAMP).
- Bids: bid_id, item_id, user_id, bid_amount (DECIMAL), bid_time (TIMESTAMP).