#流动性环境 Looking at Benson Sun's analysis, I have to say it hits the core of recent BTC movements—the 85K-90K range is a classic liquidity vacuum zone, where the main players are cleaning out high leverage and short-term funds.

The details of yesterday's operation are quite interesting: before the US stock market opened, BTC proactively surged, with a fee rate of only 0.01%, but as soon as the market opened, it dropped by 2%, instantly clearing out high leverage longs, and the fee rate fell below flat. This is a standard "testing the water"—probing liquidity response to gauge how much passive buy support remains.

The key defensive point is very clear: the 84K low on December 1st shows that the bulls are clearly willing to defend, and subsequent retests haven't broken this level. Structurally, the market still leans to the bullish side. Plus, with US capital entering the Christmas holiday period and going relatively dormant, the real move might be nearby.

Now, for those following the main players' strategies: be aware that short-term, rapid 1-2% fluctuations will continue, but don’t be fooled by the noise of liquidity sweeps. The crucial thing is whether the defense at December 1st can hold. Once there's a clear break or signs of decoupling, that’s the real signal to enter. Those with lower risk appetite can wait for a clearer breakout confirmation before jumping in, while aggressive traders can set small positions near the defense level to test the waters. Practice makes perfect—these next few days of market movement will likely reveal who can seize the real opportunities.