Be cautious if you're planning to buy the dip; the data $BTC is still quite bearish.

The Whale Index is declining sharply, indicating that whales are the main cause of this deep drop. They are still selling.

In addition, ask-side pressure has remained very strong over the past week, completely outweighing bid-side pressure.

The funding rate is still being affected by the previous prolonged positive streak. It needs to remain negative for several days to stabilize the situation.

In particular, selling volume is still very high today.