《Three-Dimensional Trading System | BTC Market Analysis (1/3): Volume》 Long positions were liquidated in a chain reaction, with panic dominating the market. Will it continue to fall and test the bottom? Current price is around 77,600. The Binance hack triggered panic selling, with BTC plummeting from 80K to 76,500, rebounding to 78,500 before falling back again. Long positions liquidated totaled 930 million, accounting for 84%. This is not a normal correction; it's a combination of panic selling and leveraged liquidations. The Fear & Greed Index has dropped to 30, indicating a state of panic. On the four-hour chart, bearish volume has increased dramatically, with a rapid rebound after hitting 76,500, indicating support below. However, bullish volume is very weak. Volume Assessment: Panic has not been fully digested. Tonight, $10.48 billion worth of options expire on Deribit, with the biggest pain point at 78,000. Volatility will intensify before and after settlement. Based on the relative strength of bullish and bearish momentum, the price of BTC is likely to continue its downward trend, testing lower levels. Where will it fall to? See the analysis below