BTC hit the resistance level of 926 and was pushed down. Looking at this pace, the 200 million contract funds accumulated by the main players in the morning were instantly wiped out, with an incredibly fast speed.

What does this imply? The main players encountered strong resistance at the 926 level, with no motivation or willingness to break through upwards. Such rapid withdrawal of funds usually indicates that they are not optimistic about further gains in the short term, or that there are a large number of arbitrage positions that need to be exited at this level.

The takeaway for future trading is that 926 may be the key resistance level for this round of rebound. If the price approaches this level again, caution should be exercised—avoid blindly chasing longs. Also, pay attention to changes in trading volume and capital flow to see if new inflows of funds are entering. If the contract funds continue to shrink, it may lack upward momentum in the short term. The current strategy should be to observe whether BTC can hold its support and to monitor the main players' next capital allocation directions.