Bitcoin has broken through the 70,000 level in this wave, and panic sentiment is rising again.

I mentioned this afternoon that I needed to dig deep into where the funds that left via the 18th ETF actually went. Now, combining it with the 4-hour chart, we're going to completely expose the main players' cards!
I've tracked the on-chain anomalies and exchange wallet balances over the past two days, and the conclusion is very clear: the funds that Wall Street dumped and cashed out haven't actually left the market!
Most of these funds have currently been converted into USDT and USDC, quietly sitting in off-market accounts. This is an extremely typical "high-level distribution and off-market parking" strategy.
What is the main force waiting for? Waiting for retail traders to despair, waiting for high-leverage long positions to liquidate, waiting for cheaper chips stained with blood!
Look at the chart! The 4-hour level has just retraced to near the core ascending trendline (blue line in the chart) from this round's rise starting from 62,000.
If it holds here, it's the starting gun for off-market funds to re-enter the market—after washing the car, continue the surge. Otherwise, once it breaks down on volume, this batch of off-market funds will patiently wait for the market to go to around 66,000 or even 63,000 to hunt for liquidity before they make a move.
Remember, the monthly chart already has 5 consecutive red candles. We've dropped enough. The 60,000 support is also very strong. A bounce is needed here. When the price drops and the indicators stabilize, that's a good opportunity to buy the dip!