The current trend is essentially a tug-of-war between ETF funds providing support and contract liquidity being harvested. Looking at ETF funds, there hasn’t been a significant retreat from institutions recently. On the contrary, there’s been a consistent net inflow, indicating that long-term funds are still stepping in, forming strong support in the 63,000-64,000 range. But in the short term, the liquidation map is more critical: Currently, there’s a large accumulation of short liquidity above 65,000-66,000. The big players are motivated to push the price up first, triggering stop-losses on short positions. Meanwhile, the 63,000-62,000 range below is packed with leveraged long positions. If the rebound fails, a quick pullback to flush out longs is also possible. So, BTC right now looks more like it’s consolidating and accumulating rather than trending in a single direction. In the short term, focus on two key levels: - A breakout above 66,000 and holding steady could lead to a push toward 67,000-68,000. - A rebound without volume might result in a pullback to 63,000 or even 62,000 to find support. ETFs determine the long-term direction, while liquidations dictate short-term volatility. The biggest mistake in the market right now is chasing pumps and panic-selling dips. The real opportunities often lie in the aftermath of liquidity being flushed out.