BTC’s funds have already voted with their feet. The spot market saw a net outflow of nearly 700,000 in the last 15 minutes, and in the past 3 hours, more than 30,000 chips are being moved out. Over 12 K-lines, there hasn’t been a single net inflow—this is not a washout. It’s a liquidation-style escape. With the 4H and daily charts both closing in the red at the same time, rebounds can’t even get back above the MA50. This weak rebound is basically delivering ammunition to the shorts. Don’t wait until a waterfall drop actually comes—react. Short at the current price 84533 directly. The first target is 75025, the pit from 7 days ago. Falling back there is only a matter of time. Set the stop loss above 87385. If it breaks, it means I was wrong, but the money flow tells the story. This so-called dog cartel wants to pump, but it has to first ask whether these large outflows agree. The short-side trend is clear—don’t catch a falling knife against the trend.