$BTC experienced a significant liquidation of long positions, providing a short-term rebound opportunity, but the true bottom may not have appeared yet. According to the current BTC data dashboard, whales still hold a certain amount of short positions, and the concentration level of short positions has not yet reached extreme levels. Additionally, the bullish momentum for a short squeeze continues to decline, which in the past has indicated that the market is in an accelerated bearish phase. It may still take 3 to 5 days for the market to truly bottom out. The liquidation map shows an increasing number of aggressive short positions, primarily concentrated around 87k ~ 88k, with support below at 83k ~ 85k.