The Great Capital Flight of $BTC ! Can the Short Sellers Break Through 95500?
Yesterday, the ETF funds for BTC experienced a roller coaster: $380 million flowed in on the 25th, but $380 million flowed out on the 28th, leading to a price drop last night.
The bulls reacted quickly, pulling the price back to pre-decline levels, but there are large sell orders stacked at the 95500 position, creating significant pressure!
The 4-hour contract data shows that the CVD indicator continues to soar, and the contract market is crazily pushing up prices. Short sellers are busy closing positions while bulls are frantically buying, as if attempting to forcibly break through 95500.
If it breaks through, the short positions above 96000 could be “blood washed,” but if the attempt fails, beware of a waterfall market!
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