$BTC This trend makes me vaguely feel that the market will undergo a significant downward liquidation

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

$BTC The important support level is around 109500, and the chips of short-term holders on-chain are at 108900. This means that if it falls below 109500, these short-term holders are likely to panic sell, causing the market to go down directly $BTC