Analysis: This decline may be a test of the market by Eastern investors, or a blow to open positions.

Odaily Planet Daily Report: Crypto analyst @Phyrex_Ni posted on X platform that during the early morning Bitcoin decline, the main selling pressure was on and trading platforms. The timing of the decline coincided with the transfer of liquidity from the West to the East, which is the lowest point of liquidity, and it is very likely a test of the price by Eastern investors. The chips used in this dumping are not very large, and it does not seem to be the operation of a large group, but rather an explosion of unclosed contracts. During the entire process, the unclosed contracts on all trading platforms decreased by about 15,000 , which is almost a situation of both long and short positions being liquidated, with the main explosion being on the long side (accounting for about 70% of the total liquidation).