BTC explodes $1.2 billion long position in a single day, are there still people entering the market? Three positions determine the next step

BTC quickly rebounded after falling from its high and is currently oscillating around $64000. In the past 24 hours, the entire network has experienced a sell-off of approximately 1.6 billion US dollars, with long positions experiencing a sell-off of nearly 1.2 billion US dollars, indicating that yesterday's chasing funds have been cleared out. But the market has not completely weakened yet: *BTC: Approximately 64000 US dollars *ETH: Approximately 1920 US dollars *Long short ratio: about 1.74, long still holds the advantage *Funding rate: rebounded to+1bp, long funds re-enter, but without extreme crowding The current core contradiction is: Short term chasing funds have been cleared, but whether large funds will succeed still needs price confirmation. Pay attention to three locations: Around 64000 US dollars Stepping back to stabilize, opportunities for rebound can be observed. If it falls below, it indicates insufficient short-term commitment. 65000 USD Repositioning represents the market regaining its strong structure, and attention can be paid to breaking through towards the direction of $66000-67000. 62000 USD If it falls below, it indicates that the current rebound has failed and the position needs to be reassessed. Next, focus on: 1. Will the US Iran situation continue to escalate: Geopolitical risks remain the biggest variable. 2. Changes in long short ratio: If the long position continues to increase, we should be wary of further cleaning. 3. Can the trading volume be increased: Without funds following the rise, it is easy to fall back again. Don't just focus on ups and downs, you can set in advance: *BTC: $62000/$64000/$65000 Price Reminder *ETH: 1850/2000 USD Price Reminder The current market is more like 'washing away chasing funds and waiting for direction', the key is not guessing the rise or fall, but waiting for the price to reach a critical position before taking action.