#PI# According to the technical pattern of BTC, there have been 3 swing trading tops so far, and the corresponding distance is very small, which indicates that the long-term bottom is starting to release a large amount of ultra-long-term chips while reducing positions. Who has taken their chips? It is the retail investors who are going long in the short-term. The pro will not re-enter the market at this point; they are currently short selling or taking the opposite position on contracts, waiting for the right moment to dump with their remaining chips. When that happens, it will be very fierce, very fast, and with a large amplitude, causing the long positions to collapse.