Three Dimensional Integrated Trading System | BTC Evening Latest Market (1/3): Volume and Energy "- Long positions are experiencing a decline in volume and energy, while long positions are retreating! Quantitative structure: After a breakthrough in volume, the volume shrinks and falls back, the bullish momentum weakens, and bearish liquidation dominates. On September 21st, the daily trading volume broke through, from 81178 to 87392, which is the main increase beyond the confirmation line of the 83339 bull market. The breakthrough in volume is effective. Since September 22nd, the volume has rapidly declined and the momentum of momentum has significantly weakened. BTC has fallen from a high of 87392 to around 84000, entering a contraction consolidation at the 4-hour level. In terms of short positions, long positions chasing high positions have been liquidated. After the opening of the US stock market on September 23, BTC accelerated its decline and briefly fell below 84K, triggering a long liquidation of approximately $280 million within 4 hours. This is completely opposite to the market structure two days ago: when it broke through on September 21st, the bears were liquidated (exceeding 260 million in a single hour), and now it is the turn of the leveraged bulls who are chasing higher to be squeezed out. Looking at the red bearish volume fluctuation curve in the trading volume below, it has indeed doubled and strengthened in the short term, but it is not very strong either. In the past two months, long positions still dominate. Derivative signal: Leverage is actively contracting. The open contracts of Binance BTC futures decreased by approximately $500 million, and leveraged traders voluntarily reduced their exposure after the failure of the 87000 shock. The open interest of BTC on Hyperliquid has decreased by 20.77% compared to the previous day, and the price drop is accompanied by a reduction in holdings, indicating that this is deleveraging rather than a large influx of new bears. Quantitative judgment: After a breakthrough in volume, the volume shrinks and falls back, the bullish momentum weakens, and bearish liquidation dominates the short-term trend. The decrease in open interest contracts is a deleveraging signal, with little bearish pressure, but bulls are also retreating. 83600-83800 is the current key support, if lost, test around 80K.