The recent abstraction of BTC has pinned upward, let’s take a look at the understanding of AI: “Liquidity Engineering”

1. Let me conclude first: This is not the start of a trend.

The current BTC market is more like a "redistribution/acquisition phase after a decline" rather than a trend reversal or the start of a major rise.

2. Why do you say this is not a "short exploding"?

• 
  After the pin is inserted, the price no longer falls back quickly
  
• 
  Can effectively stand on key intervals or moving averages
  
• 
  Then a structure with rising highs was formed.
  
• 
  At the same time, the futures open interest (OI) dropped significantly.
  

• 
  Pull upward sharply
  
• 
  It was quickly smashed back to the original range within a few minutes or a few K lines.
  
• 
  The sideways structure has never been destroyed
  

• 
  Partially high leverage, short-term chasing positions
  instead of:
  
• 
  Systemic, trend-level shorts.
  

3. Is that “a one-time big bill every day”?

There are funds at a specific price that eat up the weak liquidity above in a very short period of time, but do not continue to follow up.

• 
  Extremely fast lifting speed
  
• 
  Transactions are concentrated in a short period of time
  
• 
  Don’t protect the disk after pulling
  
• 
  Prices fall naturally
  

“Is there any order on it? ”

4. Where is the main cost area? This is the key to understanding everything

1. 
   Price stays the longest
   
2. 
   The most complete change of hands
   
3. 
   Neither top nor bottom has been effectively broken through
   

• 
  Every time it falls into a certain range, it is not a V-shaped reversal.
  
• 
  Instead, it oscillates horizontally for a long time and wears out time.
  
• 
  Explain that there is an unhurried but real undertaking below.
  

5. If you insert the pin upward but do not stand firm, what does it really mean?

The main force already has a position in the cost area, but is not in a hurry to let the price leave its own cost area.

• 
  We will not allow prices to return to the cost zone repeatedly
  
• 
  You won’t “let go” quickly every time you pull up.”
  
• 
  It will not allow the structure to remain sideways all the time.
  

1. 
   There is still selling pressure from above that needs to be digested
   
2. 
   I haven’t taken enough storage space yet, so it’s not suitable for carrying a sedan chair.
   
   

6. The real purpose of continuous pin insertion: mobility engineering

• 
  Both long and short are unwilling to add positions
  
• 
  Stop loss gradually decreases
  
• 
  Liquidity starts to dry up
  

• 
  Insert the pin upward → lure long + sweep short stop loss
  
• 
  Quick fall → trap the chasers
  
• 
  Price returns → Continue to accumulate funds in the cost zone
  

• 
  Insertion needle "comes every few days"”
  
• 
  But the structure has never changed
  
  

7. A very important detail: the pin is inserted harder and harder, but the effect is getting worse and worse.

• 
  The pin width is not small
  
• 
  But structural changes are increasingly limited
  

• 
  The stop loss and short chasing orders above are decreasing
  
• 
  Liquidity is being gradually eaten up
  

The second half of the sideways move, not the beginning.

8. True positioning at the current stage

• 
  ❌ Not the main upgrade startup
  
• 
  ❌ Not a trend reversal confirmation
  
• 
  ❌ It is not a systematic short position liquidation
  
• 
  ✅ Yes Redistribution after decline + washout stage
  

The main force was already present, but not yet ready to carry the sedan chair.

9. What really deserves attention next is not “whether there are pins or not””

1. 
   After a certain upward pull, the step back will no longer return to the main cost area.
   
2. 
   Pulling up is no longer "a pin", but a continuous increase in volume
   
3. 
   Futures OI begins to decline, but prices can stabilize
   

The last word for you:

In the sideways stage, the pin is not a direction, but a trap.
The real direction is never determined by a K line.