The way back to test the 80K door is currently likely to reach 60%.

You can observe that the price drops along with the Aggregated Volume Spot increasing is a sign that selling pressure is still strong.

In addition, Bitfinex $BTC Long (OI) is increasing very strongly, indicating that the amount of long positions is still quite large.

Moreover, according to the data from the Full price Orderbook, the bids below the current price range are quite weak, so there will be no support when BTC suddenly drops sharply.

BTCUSDT

Perp

88,718.8

+0.78%

ETHUSDT

Perp

3,020.52

+1.63%

XRPUSDT

Perp

1.9206

-0.41%