🚨 BTC Market News

The recent trend of Bitcoin is like a movie after the climax - everyone is still looking forward to the sequel, but the box office is gradually declining. From a high of 118k, it has dropped to the current 113.5k, and the bearish sentiment in the market is thick like freshly brewed black coffee.

📊 Market Breakdown

👉Large Transaction
The green circles on the chart are getting larger, especially concentrated around 118k, like heavy bombs dropped from the main force in the high air, causing the buying pressure to retreat step by step. The red circles, however, are becoming increasingly scarce, indicating that the bulls have few bullets left.

👉Net Long vs Net Short
The net long data has dropped to around -47k, while the net short position remains above 68k. This is not a fair fight, but a massacre tilted towards the bears.

👉Position / Market Cap Ratio (OI/MC)
Currently hovering in the range of 0.035–0.04, which is pitifully low. This means that even if someone wants to charge forward, leveraged funds are unwilling to join the race, and the market lacks a match that can ignite.

📌 Key Area Observation
(1) 113k is the current line of life and death. If it cannot be maintained, it may slide all the way down to 110k, or even test 108k.
(2) 115k–118k is the steel plate overhead, with the massive sell orders accumulated before still hanging there, the pressure is as heavy as the boulder on the ceiling.

The holiday effect should not be underestimated. Once the weekend trading volume shrinks, it’s like half the people have left the dance floor; as soon as the bears push a little, the price may plummet rapidly.

📌 Current Focus
The current market is like a tug-of-war, where the bulls' rope is gradually wearing out, while the bears are pulling harder behind. 113k is the last support point and everyone's "edge of the cliff." Whether it can hold on will determine if it leads to a waterfall of blood or a dramatic comeback.

#BTC # CryptoNews #Web3 # ETH #Crypto