Long positions liquidated totaling $457 million, BTC fell below $80,000. Is there still a chance for a rebound?

BTC has fallen back below $80,000. Is there still a chance for a rebound? BTC and ETH fell by 1.00% and 1.42% respectively in the past 24 hours, with a combined net outflow of $1.144 billion in funds during the same period. Both prices and fund flows showed weakness, and whether the rebound can continue depends on whether there is buying support after the selling pressure eases. The leverage structure reveals another layer of pressure: the overall market long-short ratio rose from 1.55 a week ago to 2.2, with $670 million cleared in the same period, of which $457 million was long, accounting for about 68%. The rise in the long-short ratio did not prevent the concentrated liquidation of long positions, indicating that the bullish sentiment has not yet translated into price support, and it cannot be concluded from this that the leverage risk has been fully released. The key level to watch for a rebound is the $80,000 mark. If the price stabilizes above this level, and the outflow of funds from BTC and ETH narrows while the liquidation of long positions cools down, the recovery will receive more data support. However, if the price only briefly recovers the level and funds continue to flow out, the rebound will lack sufficient momentum. In addition, SUI and ADA have fallen by 8.27% and 7.77% respectively in the past 7 days, underperforming BTC. Even if BTC rebounds, it cannot be directly inferred that altcoins will recover in tandem. Enable alerts on AiCoin settings and observe fund flows and large order transactions to determine whether the rebound is supported by sustained buying pressure. Risk Warning: The views, conclusions, and suggestions in this article are for reference only and do not constitute investment advice. Investing involves risks; please invest cautiously.