💡 【Current BTC Structure Analysis: Market Makers' Accumulation vs. Distribution?】
Currently, BTC is operating in a critical range, having just broken down technically, with short-term sentiment leaning bearish. However, on-chain & contract data reveal 'anomalous' signals:
🐋 Whale Index 96 ➝ 86, not a full distribution, merely a tentative reduction in positions.
🧠 Short positions are currently at a significant loss, indicating that the downward movement resembles a trap to lure shorts.
📊 The funding flow between longs and shorts has not completely unbalanced, still retaining a rebound structure.
🔍 The technicals have broken through the triangular support, with the strong support at 106,000 below; if stabilized, the market makers will drive up to harvest the short positions.
🧭 Strategy Logic:
It's not distribution, but rather 'controlled accumulation'.
105,800~106,000 will be the emotional turning point; maintaining stability here will lead to a rebound.
Do not panic, do not chase shorts, wait for the second leg.
📉 Those holding cash should wait for a break to replenish, 📈 active participants should buy low and not chase high.
📌 Here, pay attention to the basis between futures and spot, as well as changes in whale wallet flows.
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🗣 Large players look at structure, while retail investors chase sentiment. The control of the market is still in the hands of the market makers at this moment.
