Today I studied a bit about the long positions from last night and the recent high-level fluctuations. Firstly, the entire market trend until New Year's Day is very similar to the Wyckoff distribution, with a similarity of up to 95%. However, the trend after New Year's Day is different. Therefore, the market from last night did not have many bearish factors. High-level shorting is generally a liquidity harvesting and consolidation factor. Here, it is about consolidation and turnover, rather than the distribution range. To put it simply, it is about liquidating leveraged contracts. There is no reason for harvesting, that's all. Although this is a bearish signal, it is not that bad. Currently, the operation at $BTC can only attempt to go long around 93600, and start shorting near 98000. The operation at $ETH can only attempt to go long after breaking down and recovering at the 3300 position.