$BTC This trend makes me vaguely feel that the market will undergo a major liquidation downwards

In the last 7 days, $1.01 billion in spot has flowed out, and the market share is gradually decreasing

$BTC's important support is around 109,500, and the on-chain short-term holders' position is at 108,900. This means that if it falls below 109,500, these short-term holders are likely to panic sell, leading the market to drop directly downwards.