The pancake ETF funds have seen net outflows for the third consecutive trading day, but there has not been a significant acceleration in the outflow. The outflow on the 3rd was 267 million, yet despite the net outflow, the market still managed to rise against the trend.

Looking at mainstream CEX liquidations, the current price is at 105,000. If it falls below 103,000, 1.559 billion long positions will be liquidated, and if it breaks above 107,000, 659 million short positions will be liquidated. However, on a weekly basis, there has been a buildup of short positions, with the short-term long-to-short ratio favoring shorts, but the long-term outlook remains bullish!