$BR 24-hour plunge of 43.275%: current price 0.2081, while the funding rate remains at an extremely low 0.00005000. This is a single clear signal of a large-scale long liquidation and the market undergoing severe deleveraging. The current extremely low funding rate indicates that bearish power has absolute dominance; any small rebound may quickly fade as longs cover. Core judgment: at this level, the market is probing for a bottom to find a new balance after the crash, but the downside risk remains significant. The strongest counterevidence is the appearance of sudden, persistent, large off-exchange buy orders.