#数字资产生态回暖 $BTC Alert｜Major funds fleeing en masse, market structure faces testing

Recent days' fund movements on the exchange are worth noting. According to on-chain data, BTC has experienced approximately $21 billion in net outflows over the past 10 days, which usually indicates large investors gradually exiting. Simultaneously, analyzing the market structure, the total long liquidation in the past 4 hours has reached $63.69 million, far exceeding the short liquidation scale by 13 times—this asymmetric liquidation pattern reflects the fragility on the long side.

The technical aspect is also signaling. The candlestick is being suppressed by the EMA7, EMA25, and EMA99 moving averages, with each rebound quickly falling back, indicating that upward momentum is waning. Since the distribution phase completed in mid-December until now, major market participants have undergone significant changes.

Current trading framework:
• Short-term resistance at $91,500-$92,200
• If it rebounds to $92,800-$93,300, it’s an opportunity to add short positions
• Stop-loss set above $93,800
• Support levels at $89,429 and $85,711 respectively

The key to strategy is to follow the trend rather than oppose the market structure. When signals of major fund withdrawal, long liquidation, and technical weakness all appear simultaneously, following the market rhythm is often safer than contrarian operations. Don’t try to bottom-fish or chase the top—let the data and candlesticks speak.