Since encountering a strong sell wall at $70,000, $BTC has not seen any significant buying force. Since the peak until now, the activity of whales has become less and less, while the long ratio has increased, showing that many retail investors are trying to catch the bottom every time the price drops.

Combined with information from firechart, we still cannot expect the market to become positive right now. As for ETFs, the situation is also gloomy, there is no buying force or selling force, it seems that funds are also choosing to stand aside at this time.