Plenty of buying pressure for short-term trades, but the direction hasn’t been established yet! bitcoin:native is currently hovering around $65K. The main short positions are concentrated between $65,500 and $65,800. If it stabilizes above this range, it could trigger a short squeeze, with targets at $66,300 to $67,500. On the downside, leverage is more concentrated, with a large number of long positions stacked between $63,800 and $63,200. If $65,800 fails to break through and the price drops below $64,000, the market might clear out longs first, then aim for $63,200 and $62,500. From August 3 to August 6, U.S. spot BTC ETFs saw four consecutive days of net inflows, totaling approximately $764 million. This indicates institutions are still buying, but despite the inflows, the price hasn’t broken out yet—selling pressure above $65K remains significant. For short-term trades, focus on two key levels: - Stabilize above $65,800 to turn bullish; - Drop below $64,000 to turn bearish. Currently, BTC is fluctuating between $63,200 and $65,800. The liquidation chart can’t predict direction—it can only show where stampedes are most likely to occur.