On the 4H chart, BTC shows a notable detail in the Long/Short ratio. After consistently remaining below the 1.0 level in previous sessions, the ratio has recently rebounded to around 1.2. Meanwhile, BTC’s price has stabilized near the $84K level following a strong rally from the $76–78K range. What’s interesting is that while the price has clearly recovered, the Long/Short ratio among trader positions hasn’t returned to the elevated levels seen in mid-September. This suggests that market sentiment hasn’t yet shifted strongly toward long positions. Compared to the prior phase, this structure is quite different: price is now at a higher level, yet the Long/Short ratio remains relatively low. This is a key point I’ll be monitoring as BTC continues to evolve.