Today's Asian trading session was quite stable, with little fluctuation in hourly fund flows, returning to its usual calm.
Yesterday, Bitcoin's price dipped below 87,000 several times. While there were liquidations, they weren't as alarming as before. Short sellers' willingness to short is particularly strong, which is clearly reflected in Bitcoin's price action.
Currently, the short-term price range where short sellers are concentrated is between 88,100 and 89,300. Furthermore, BlackRock has bought over 2,000 Bitcoins and deposited them into its exchange for two consecutive trading days, but they haven't rushed to sell off heavily. If the market really does move upwards, things will get interesting.
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