In the past 24 hours, liquidations across the entire network have neared $1.2 billion, with approximately 190,000 traders being liquidated. Last night, BTC dropped to the 80,400 level; after a concentrated long liquidation, the decline narrowed and short-term leverage sentiments have cooled.
US spot BTC ETFs have seen net outflows for two consecutive days, with institutions adopting a wait-and-see attitude in the short term. Macro and geopolitical disturbances are weighing on risk assets, while high US Treasury yields are dampening the strength of the crypto price rebound.
For SOL: the US-listed SOL ETF has surpassed $1 billion in scale, and the expectation for long-term institutional allocation remains, but in the short term, SOL's price action is weak, moving in line with the broader market. For ETH, there is focus on anticipation for the Pectra upgrade; however, there is insufficient volume in the short term and the rebound lacks strength.
Market Core View: The current phase is a high-level consolidation shakeout, not a unilateral bear market. The major uptrend structure remains intact; the short-term correction is driven by ETF outflows and leverage liquidations occurring simultaneously. Before there is significant volume and prices hold above resistance, favor range-bound strategies — do not chase long positions. Only consider reducing positions if key support levels are broken; do not stubbornly hold on.
Key Price Levels (USD)
✅ BTC current price ≈ 82,200 🔴 Resistance: 83,300 (first short-term resistance) | 85,000 (strong resistance, only turns bullish if price holds above) Support: 80,400 (intraday low, first defense) | 77,000 (medium-term strong support, break here signals trend weakening)
✅ ETH current price ≈ 2,420 🔴 Resistance: 2,550 (short-term resistance) | 2,650 (strong resistance) Support: 2,300 (first support) | 2,180 (medium-term defense level)
✅ SOL current price ≈ 106 🔴 Resistance: 114 (short-term resistance) | 122 (strong resistance) Support: 98 (first support) | 90 (medium-term strong support)
💡Trading strategy: In the short term, expect range-bound consolidation; buy small and lightly on dips near support, reduce positions when resistance is tested. If there is strong volume breaking below support, stop bottom-fishing and wait for secondary stabilization. Be patient with spot holdings, strictly control leverage positions in contracts, as high leverage is extremely vulnerable to being stopped out in choppy markets.
