☀️《Three-in-One Trading System｜BTC Market Morning Brief》 ---- CPI data hits Bitcoin hard; prices may continue to drop, testing the bottom near 80K or even 77K. Current price: Around 81.5K. After CPI exceeded expectations, the price accelerated its decline, breaking below 82K. 1. Long vs. Short Volume: Shorts are dominating, while longs barely resist. After the CPI release, BTC quickly dropped from 83.9K to 81.5K. In the past 24 hours, 84% of long positions were liquidated, a "stampede-style liquidation." On the 4-hour chart, short volume surged significantly, showing absolute dominance, while long volume remains weak with no meaningful resistance. 2. On-chain Data: Who’s selling, who’s buying? Sellers: Short-term profit takers are cashing out. About 86% of the BTC deposited into exchanges in early October came from short-term holders in profit. Their cost basis is around 75K, so they’re motivated to sell while still in profit. Buyers: Whales are reallocating, not exiting. Since October 11, one whale has sold BTC and accumulated approximately 39,832 ETH, totaling over $100 million. This is a rotation of positions from BTC to ETH, not an exit from the market. The whale’s total holdings remain above 3.03 million BTC, with monthly accumulation at its fastest pace since February. 3. Structural Patterns: The narrow range box structure between 80K-84.5K is being tested at the lower boundary near 81K. It’s highly likely that prices will break below this structure and continue to drop further. Core Insights from Little Dragon: The CPI exceeding expectations has reignited rate hike concerns, creating short-term bearish pressure. ETF funds remain inconsistent, failing to form sustained buying momentum. However, whales are reallocating rather than exiting, and the structure of long-term holders remains intact. Macro fundamentals are bearish, signaling a reversal in the Bitcoin bull market. Avoid heavy positions to bottom-fish BTC at current prices. It’s better to wait and observe for now.