The Bitcoin ETF funds experienced a net outflow for the third consecutive trading day, but there was no acceleration in the outflow. On the 3rd, the outflow volume was 267 million, yet the market still managed to achieve a contrarian rise despite the net outflow.
Looking at mainstream CEX liquidation data, the current price is at the 105,000 level. If it drops below 103,000, it will liquidate 1.559 billion long positions; if it breaks above 107,000, it will liquidate 659 million short positions. However, on the weekly level, there is an accumulation of short positions. The long-short ratio shows short-term dominance by shorts, but in the long term, the outlook remains bullish!
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