$BTC Market Sentiment:* Short sellers are gaining ground, with $422.89 million in long positions liquidated compared to $28.63 million in short positions.

- *Spot Buyers:* Despite the downturn, spot buyers are still investing, with $150 million in BTC flowing into exchanges in the last 24 hours and nearly $1 billion in cumulative inflows into Bitcoin spot ETFs over three days.

Given the current market conditions, it's uncertain whether Bitcoin will crash or bounce. The next few candles on the chart will be crucial in determining the direction. If Bitcoin fails to bounce back above $107,000, we might see another leg down before any upward momentum builds again ¹.