BTC spot funds saw a net outflow of 1.017 billion in the past 7 days, while futures funds saw an outflow of 4.933 billion, indicating the market is entirely supported by futures contracts. Following the large-scale liquidation of the 1011 futures contracts, bargain hunters have also been liquidated, making fund flows increasingly sensitive. Aside from BTC/ETH, altcoins are now experiencing negative fees, and with short positions being added, the price is likely to drop to 80k or even 74k. The 3-day liquidation chart shows short-selling liquidity dominating, and over 90% of the market sentiment is pessimistic. BTC's monthly support level is at 83k. Today, the last day of January, a sharp drop followed by a short squeeze is likely. If there is a rebound but it doesn't break 85k, then...