Rolling 24 hours: $BTC -2.40%. The current price is around $79,780, below $80,000. But a price pullback only tells me that the quote has changed; it doesn't tell me what kind of investors are selling, nor can it explain the cause on its own.
According to a report by Jinse Finance at 2026-10-24 Beijing time, BTC fell below $80,000 and was trading at $79,990.04 at the time of the report, down 1.76% over 24 hours. This was a market update at that point in time, and its measurement window differs from that of the current rolling 24-hour data. The two declines should not be treated as readings from the same point in time. The fact that the report and market movement occurred at the same time is also insufficient to prove a causal link between them.
Another figure that is easy to misinterpret is the $200 million in liquidations across the market over the past hour, including $191 million in long positions and $8.76 million in short positions. According to a report by Jinse Finance at 2026-10-24 Beijing time, these figures, compiled by Coinglass, cover contract liquidations across the entire crypto market; Bitcoin liquidations accounted for $59.74 million. This measures the value of positions that were liquidated, not spot-market outflows or the amount of BTC sold, and it certainly doesn't prove that the liquidations caused the price decline.
I would keep spot prices, contract liquidations, and ETF net flows in separate ledgers. The current material provides no verifiable ETF flow or holdings data, so I won't rush to attribute this pullback to institutional outflows or a shift in capital allocation. To determine whether selling pressure is sustained, we need to watch how trading volumes, liquidation data, and ETF net flows each change. For now, all we can confirm is that prices have fallen; the sources of capital and the reasons remain unverified.
According to a report by Jinse Finance at 2026-10-24 Beijing time, BTC fell below $80,000 and was trading at $79,990.04 at the time of the report, down 1.76% over 24 hours. This was a market update at that point in time, and its measurement window differs from that of the current rolling 24-hour data. The two declines should not be treated as readings from the same point in time. The fact that the report and market movement occurred at the same time is also insufficient to prove a causal link between them.
Another figure that is easy to misinterpret is the $200 million in liquidations across the market over the past hour, including $191 million in long positions and $8.76 million in short positions. According to a report by Jinse Finance at 2026-10-24 Beijing time, these figures, compiled by Coinglass, cover contract liquidations across the entire crypto market; Bitcoin liquidations accounted for $59.74 million. This measures the value of positions that were liquidated, not spot-market outflows or the amount of BTC sold, and it certainly doesn't prove that the liquidations caused the price decline.
I would keep spot prices, contract liquidations, and ETF net flows in separate ledgers. The current material provides no verifiable ETF flow or holdings data, so I won't rush to attribute this pullback to institutional outflows or a shift in capital allocation. To determine whether selling pressure is sustained, we need to watch how trading volumes, liquidation data, and ETF net flows each change. For now, all we can confirm is that prices have fallen; the sources of capital and the reasons remain unverified.