BTC experienced an outflow state for ETFs yesterday, with an inflow of 380 million on the 25th and an outflow of 380 million on the 28th, which caused the drop last night. Subsequently, bulls quickly regrouped and counterattacked to the price before the drop. The pressure at 95,500 remains the strongest, with many large sell orders placed here.
The CVD for the 4-hour contracts continues to rise, driven by contract users pushing the price up, short sellers closing positions, and bulls continuing to buy. If the current trend continues, the most likely scenario is a breakout above 95,500, potentially reaching above 96,000, clearing nearly 1 billion in short liquidity above before dropping down.
