A few days ago, as Bitcoin broke through $100,000, the market's bullish sentiment reached a staged climax. According to Coinglass market data, the weighted average funding rate of OKX and Binance on that day reached an annualized 116%, a record high in nearly three years. Subsequently, Bitcoin fell back from $104,000 to $90,500 within 12 hours, a drop of 13%, resulting in the liquidation of nearly $700 million in long positions in the market. This huge shock was also considered by many to be a signal that sentiment had peaked and chips were loosening. So, is the big drop coming?