According to a message from 深潮 TechFlow on August 2, CryptoQuant analyst Axel stated on social media that since July 31, traders have begun actively closing long positions. In the past 24 hours, a significant dumping occurred in the futures market: when the price fell to a local low of $112,000, the net taker volume over 6 hours dropped to an extreme level of -$175 million, reflecting the strong posture of short positions. As the market somewhat stabilized, this indicator's pressure has reduced to -$78 million, with the negative difference narrowing 2.2 times, but the overall market imbalance still favors short positions. The open interest in the past 24 hours increased to the range of $3.04 billion, with sellers continuously accumulating positions, trying to take advantage of the bearish market sentiment.