#数字资产市场动态 BTC Flash Crash! But could this actually be an opportunity?

Looking at the 1-hour candlestick chart, we see the green volume continues to expand, and all moving averages are trending downward, with the price directly dropping to around $87,715. The MACD death cross is still widening—short-term bearish signals are indeed strong.

However, interestingly, this decline showed signs early on. Last weekend, a top divergence combined with decreasing volume rebound was observed on the hourly level, indicating that the risk of a correction was already on the table.

Currently, market sentiment is very anxious, but true opportunities often hide within panic.

**What do on-chain data reveal?**

According to Glassnode data, whale wallets have actually increased their holdings over the past 24 hours—this suggests institutional funds are building positions gradually, rather than panic buying the dip.

Meanwhile, net outflows of BTC from exchanges are accelerating. This is quite interesting: retail investors are selling off, but large on-chain funds are quietly accumulating.

The futures market also provides a lot of information. Funding rates have turned negative, indicating that short positions are heavily stacked. When shorts become too crowded, a reverse liquidation event could be imminent.

**What is driving this decline?**

US inflation data released above expectations has put some pressure on global risk assets, and BTC's pullback is quite normal in this context.

But the Ethereum ETF hype cycle hasn't fully played out yet. Once market sentiment recovers, Bitcoin usually leads the rebound.

**What to watch next?**

Short-term support is key in the $87,000–$87,500 range. If this level holds, a bottom divergence rebound on the 1-hour chart could occur, with the first target around $89,500.

If there’s an unexpected surge and the price breaks below $86,500, strategies will need adjustment, but the medium-term bullish trend remains intact—this dip is essentially a window of opportunity to buy.

$BTC The trend is often not determined by a single factor but by a triangulation of technical analysis, on-chain data, and market sentiment.