Continuing today’s market analysis Let’s start with on-chain data and funding. Yesterday, the inflow and outflow of exchanges were almost balanced. However, there was $400M in realized losses, mostly from short-term holders cutting their losses. These losses were absorbed within the exchanges (inflow, trading, then outflow). That’s why we’re seeing this situation where realized losses keep bleeding, but exchange inflows and outflows remain balanced. --------------------- Looking at the order book, it’s still the same as this morning... Although the price has temporarily stopped dropping at $63.8k, which was the low-buy zone we were watching yesterday, the large cluster of contract orders below has been pulled, and entry confidence has dropped. After all, there’s no volume, no entry model, low order book activity, and no color bands... It doesn’t really support confidently going long here. Still waiting. Around $63k is still a good spot to watch... Filling the gap + large spot orders below + a big long liquidation order at $62.6k on Hyperliquid. ------------- So overall, not much has changed since this morning. For low-buy entries, keep watching around $63k. For high-sell entries, still planning to watch around $66k... Yesterday’s equal high and a weak high point without volume, plus the significant liquidity starting at $65.4k (1,000+ BTC). If there’s a squeeze upward, it’ll definitely spike hard. Even if it’s not today, it’s a potential scenario for the future. You can set an alert for it. But first, it needs to break through the $65,150 sell wall with 4,000 BTC.