BTC has shown a significant pullback, but the position volume does not seem to have been significantly reduced, currently dropping from a peak position of 43.6 billion USD to 41.3 billion USD. This pullback is not weak, having wiped out 2.3 billion USD in positions;
However, compared to the position levels of 39 billion USD at the beginning of the year and 37 billion USD in July, it is still higher by 2-4 billion USD;
In terms of position volume alone, the upcoming situation is: the price stays in the range of 68,000 to 73,000 for a period of consolidation, wiping out at least 3 billion USD in positions through a washout, and then starting a new upward phase, with the target of breaking the historical high!
However, compared to the position levels of 39 billion USD at the beginning of the year and 37 billion USD in July, it is still higher by 2-4 billion USD;
In terms of position volume alone, the upcoming situation is: the price stays in the range of 68,000 to 73,000 for a period of consolidation, wiping out at least 3 billion USD in positions through a washout, and then starting a new upward phase, with the target of breaking the historical high!