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

In the last 7 days, 1.01 billion USD has flowed out of the spot market, and the market share is gradually decreasing.

The important support for $BTC is around 109500, and the short-term holders' positions on-chain are at 108900. This means that if it breaks below 109500, these short-term holders are likely to panic sell, causing the market to drop directly.