The current market can be described as a stagnant pond, a dull knife cutting flesh. $BTC has dropped below 80,000, and just one negative news could mean there aren't many retail investors left; the pinning is not as frequent anymore.
$BNB is currently fluctuating around 600. As a platform token, the rally can only rely on the platform; otherwise, it will also decline slowly. It is said that 590 is a key point, and falling below it may trigger a chain reaction of selling.
To put it plainly, the total contract volume is 101.62 billion, with a long-short ratio of 2.25. If the large long positions are not liquidated, how can it rise?