Starting from July 31, traders actively closed long positions, and over the past 24 hours the futures market experienced a pronounced wave of selling: after the price dropped to a local minimum of $112K, the 6-hour Net Taker Volume fell to extreme levels of –$175M, reflecting the aggressive position of bears. As partial stabilization occurred, the pressure reduced to –$78M, meaning the negative balance narrowed by 2.2 times, although the overall imbalance remains bearish.