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The performance of Bitcoin in the past couple of days has indeed been speechless. The day before yesterday was a breakout battle, and today it has become a defense battle at 90,000. To put it simply, the market lacks resilience. Under this kind of movement, it seems that only a major negative event can trigger a rebound; otherwise, it’s just a stalling pattern. Currently, it’s not a trend market at all, but a game of "picking off liquidations."
From recent market data, a massive accumulation of long positions is stacked around the 90k level, and liquidations are happening in batches. The truly lucrative short positions are actually stuck above 95k—the profit margins and control are obvious. Ethereum and Solana are following Bitcoin’s rhythm but showing little sign of improvement; the overall market is still digesting the previous gains. Under this pattern, the probability of a short-term rebound is low, and the market will continue to "find people."