From the data of BTC, there are indeed signs of some panic. Both short-term profit and loss investors show significant signs of exiting the market. This is likely due to the sudden drop that broke the belief of many investors that it was the beginning of a big rise. The extent of the decline has indeed exceeded my expectations, which is why I believe the panic sentiment may undergo adjustments. For now, let’s see where it can drop to.

Currently, the support remains very strong, with a large amount of chips concentrated around $97,000. The support around $95,000 is still very solid, and it's possible that price stabilization may have to wait until after the non-farm payrolls.