BTC has shown a significant pullback, but the position volume does not seem to have been significantly reduced, currently dropping from a peak position of 43.6 billion USD to 41.3 billion USD. This pullback is not weak, having wiped out 2.3 billion USD in positions;

However, compared to the position levels of 39 billion USD at the beginning of the year and 37 billion USD in July, it is still higher by 2-4 billion USD;

In terms of position volume alone, the upcoming situation is: the price stays in the range of 68,000 to 73,000 for a period of consolidation, wiping out at least 3 billion USD in positions through a washout, and then starting a new upward phase, with the target of breaking the historical high!