Davie（高空拿住版）: Spot Net Selling, Contract Net Inflow, Bullish Sentiment Running High

According to Twitter user Davie（高空拿住版）, the spot market has actively net sold $202 million in the past 4 hours, with a total net sell of $338.9 million over the last 24 hours. Meanwhile, the contract market has seen a net inflow of $436.3 million in 4 hours, totaling $396.4 million in net inflow over the past 24 hours. Although there has been profit-taking in the spot market at high levels, the bullish sentiment in the contract market remains strong, and rising leverage may lead to increased volatility. Bitcoin is currently priced at around $86,000, having briefly surpassed $86,800 during the day. The short-term resistance zone is between $86,800 and $87,300, while the support level is between $84,800 and $85,000. It is advised not to chase highs but to wait for a pullback to confirm support before taking action. Investors who have opened long positions should move their stop-loss to protect profits.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.