Bitcoin futures market shows signs of reduced selling pressure despite ongoing bearish sentiment and technical indicators suggesting potential further declines. Data from CryptoQuant reveals that over 4,000 BTC long positions were liquidated on October 1, marking the second largest liquidation event of 2024. Such significant liquidations often establish local bottoms, creating opportunities for short-term recovery. While the price is expected to remain within the current range in the short term, monitoring buying strength will be crucial for any potential rebound.