BTC rebounded by 1%, but failed to attract funds! $876 million in liquidations occurred, with short sellers accounting for 70% of the total, and the price plummeted to $81,300 at the first touch!

BTC is currently trading at $80,958, up 1.23% in the last 24 hours, but still down 2.10% over the last 7 days. This morning, the price briefly surged to $81,300 before quickly falling back, and the subsequent rebound only reached a high of $81,150. Short sellers suffered margin calls exceeding $600 million, yet the bulls failed to push prices higher! 📊 Breakdown of Fund Flow and Long/Short Positions: ● $876 Million Liquidated — $876 million was liquidated across the entire network in 24 hours, of which $610 million was short positions, accounting for nearly 70%. In the last hour, another $44.6 million in short positions were liquidated, resulting in heavy losses for leveraged traders who bet on a decline. ● BTC rose, but funds did not flow in significantly — BTC saw a net inflow of only $19 million in the past 24 hours, while ETH saw a net inflow of $414 million, ZEC $173 million, and HYPE $69 million during the same period. In comparison, BTC's fund inflow was significantly weak. ● Price rises, but open interest falls — Binance's BTC perpetual holdings have decreased to 95,478, a 1.71% decrease in the last 24 hours. Combined with large-scale short covering, this rebound may be driven by significant short covering, with little sign of new long positions joining the rally. ● $81,300: Bulls' first attempt to break through fails — The 1-hour candlestick chart at 5:00 AM this morning reached a high of $81,300, but closed at $80,913. The subsequent rebound only reached a high of $81,150, indicating that short-term selling pressure has not yet been digested. ● $80,500: The next key defense line — Trading was concentrated around this level this morning. If it holds, the bulls still have a chance to challenge $81,300 again; if it breaks down, the next level to watch is $79,900, and then the previous low area of $79,370-$79,506. 💡 Traders' Focus: BTC rebounded 1%, short positions were liquidated for $610 million, but Binance's open interest decreased by 1.71%. Bulls chasing the rally now face a choice: $81,300 has been difficult to break, how long can $80,500 hold? If the lower levels are breached, the risk of a short-term pullback could increase further. 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.