#比特币价格 Rebound to $94,000 and still selling? That's interesting.

Looking at the data from Bitfinex, the demand on the spot market has clearly shifted — traders are no longer taking the opportunity to build positions, but instead are selling at high prices. The continuous outflow of Bitcoin ETFs in the US and the negative cumulative trading volume difference on major trading platforms indicate what? It indicates that smart money in the market is quietly exiting. Compared to the wave of fluctuations at the beginning of 2022, over 700,000 BTC are in unrealized losses, and this signal cannot be ignored.

The key question is: is the narrow range from $84,000 to $91,000 a solid bottom or a rebound trap? From my perspective as a trader, the most challenging aspect now for operators is the choice of strategy. The aggressive ones chase the rebound and end up getting trapped, while the conservative ones are on the sidelines, missing out on some of the gains.

The real opportunity lies in finding those experts who can maintain their rhythm even in such a divergent market—they are not deceived by every rebound, nor are they overly pessimistic. If ETFs continue to flow out over the next week, the logic of selling on highs will be further strengthened; conversely, if institutional funds quietly enter the market, the situation will reverse.

When using split accounts for copy trading, it is important to lower the risk weight and consider increasing positions only when market sentiment is truly clear. Practice has taught me that the most profitable times are often the most agonizing.