[Analysis: New Positions Accumulating on Both Long and Short Sides in BTC Market, Increased Volatility May Be Imminent] BlockBeats reports on October 25th that market analyst Murphy stated yesterday's market dip was likely due to some pre-positioned tokens on trading platforms taking advantage of low liquidity over the weekend to exert downward pressure. Notably, there is currently no sentiment reflected on the blockchain. Realized losses in Bitcoin have actually decreased rather than increased. A key factor here is the timing: it occurred over the weekend. Market makers, hedge funds, and other institutions will not adjust their positions until Monday, a business day. Therefore, it can be simply understood that yesterday's short-term dip was driven solely by tokens on trading platforms. Since October 14th, open interest in perpetual contracts has been continuously accumulating, failing to be reduced during each price pullback, and yesterday's decline did not complete deleveraging. Currently, new positions are accumulating on both the long and short sides, and a significant increase in volatility is highly probable. We will observe which side is triggered first.