Updated Headmap 11 PM 08/07:

Heavy sell orders around 110k (resistance zone). The 108k and 106k zones have light buy support. → Price is sideways, accumulating in this area.

CVD Cash Flow:

- Whales $1M–$10M: Maintaining high positions continuously from 01/07 until now. No withdrawal of orders, even adding lightly. → No distribution yet.

- Institutions $100k–$1M & $10k–$100k: Sharp decline since 04/07. CVD has been continuously going down. May be gradually distributing.

- Retail $100–$10k: Chaotic withdrawal since 06/07. This group is panicking → Signs of a near short-term bottom?

Note:

Do not long chase in this area, sell close to the wall.

Wait for confirmation of whales returning or price testing support before considering short/long against the trend.

Priority: stay outside and observe, do not fomo.

The channel only provides reference information and is not financial advice.