BTC rebounds late at night and hits $83000! 668 million sold out, are there still people who continue to short?

BTC rebounded to $82537, up 0.94% in 24 hours, with a total net liquidation of $668 million, of which $394 million was short selling, accounting for 59%. In the past hour, a new short position of 13.53 million US dollars was liquidated, with 86% of the market being short positions - the short-term rebound is squeezing the short positions. But the bulls have not yet taken the initiative. In terms of spot funds, BTC has had a net inflow of $251 million in the past 24 hours, and ETH has also had a net inflow of $62.15 million; However, there have been disagreements on the contract side: Hyperliquid major players have recently placed short positions on ETH, SOL, and BTC multiple times, with a total platform position of $15.47 billion, and long and short positions of approximately $7.73 billion each, basically unchanged. More importantly, Binance BTC spot had 7 large market sell orders within 1 minute, totaling approximately $11 million, with an average transaction price of $82633. There are still large sell orders during the rebound process, which means that the selling pressure above needs to be further digested. Focus on three signals tonight: *82633 USD: Observe whether the price can absorb the selling pressure near the corresponding price of this batch of large sell orders. A single sell order cannot prove the existence of sustained resistance here. *83000 USD: If the volume breaks through and stabilizes, while spot funds continue to flow in, bears may face further pressure; If repeatedly rising fails, be alert to falling back. *$82000: If it falls below and buying activity synchronously weakens, it indicates that the rebound may lose momentum; If we further explore $80000, the risk of drawdown will increase. The core contradiction of this round of market trend is that short positions are selling out and spot funds are flowing back, but large investors are still adding short positions. Whether $83000 can effectively break through and whether it can stand firm after breaking through is more valuable than just looking at the total amount of liquidation. Risk Warning: The above content is only for market information sharing and data analysis, and does not constitute any investment advice.