BTC hits $84000! Can bears continue to bet on a drop despite a $710 million sell-off?

BTC is currently trading at $83712, up 0.83% in 24 hours, but still down 3.41% in the past 7 days. According to AiCoin data, in the past 24 hours, the entire network experienced a sell-off of $710 million, of which $461 million was short selling, accounting for 65%. Short positions have been continuously liquidated, but BTC has not yet taken $84000. Funds are starting to flow back: BTC has a net inflow of $791 million in the past 24 hours, and the Panic Greed Index has risen from 61 to 69. At the same time, the short position of 34.17 million US dollars in the past hour accounted for 65% of the long positions, indicating that the chasing funds are also under pressure. Selling pressure has loosened. According to recent monitoring, short-term holders who are in a profitable state have seen their selling volume drop from a peak of 32000 BTC to 11000 BTC in the past 7 days, a decrease of 66%, and the selling pressure in the profit market has eased to some extent. But the bears were not absent. On October 7th, four newly built wallets shorted 148.49 BTC with 40 times leverage on Hyperliquid, with a nominal value of approximately $12.5 million. It remains to be confirmed whether the position is still held. Set price warning: 84000 USD: Break through and stabilize, observe if buying can take over. 83000 USD: Pay attention to whether the rebound momentum weakens after falling below. $82000: If it continues to fall, be wary of the expansion of the pullback. The short position of $461 million has already been liquidated, but $84000 has not yet broken through. The next round of competition will depend on whether the buying market can truly push up the price. Risk Warning: The above market data analysis is for October 12th and does not constitute any investment advice.