The drop straight down to the 87k area looks frantic, but in reality, the large wallet group did not sell more, completely contrary to those truly strong dumps.
The volume is mainly concentrated from small orders, indicating that most are stop-loss sweeps.
Notably, the price surged right after, demonstrating a very fast speed, indicating a force waiting. The money flow on futures also shows that short positions are being added but are not very strong, easily susceptible to a squeeze if BTC gains enough strength. The current context is exactly like the market phase clearing liquidity before a reversal.
If BTC does not break 86.5k, the overall structure remains intact.
BTCUSDT
Perp
91,276.7
+1.41%