Data interpretation of a big drop: Where will the funds flow after high leverage is cleared?

[{"type":"paragraph","children":[{"text":"Against the background of the general market decline (BTC -4.87%, ETH -5.62%), the data shows that this pullback has obvious characteristics of "},{"text":"high leverage fund clearing ","bold":true},{"text":", but the flow of funds has appeared structural differentiation."},{"text":"Key data insights:","bold":true}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"The scale of liquidation: ","bold":true},{"text":"24 hours of the whole network liquidation "},{"text":"1.16 billion US dollars ","bold":true},{"text":", indicating that the decline is mainly driven by "},{"text":"long single leverage chain liquidation ","bold":true},{"text":", intensifying the selling pressure."}]},{"type":"list-item","children":[{"text":"Long and short structure: ","bold":true},{"text":"BTC and ETH long and short ratio are close to "},{"text":"49:51 ","bold":true},{"text":", the bears only slightly dominant, indicating that "},{"text":"not actively short dominant ","bold":true},{"text":", but long defense collapse."}]},{"type":"list-item","children":[{"text":"Fund rotation: ","bold":true},{"text":"When the mainstream fell, "},{"text":"RAVE, NL and other small and medium-sized market value tokens rose more than 30% against the trend ","bold":true},{"text":", showing that some active funds overflowed from the market and turned to stronger targets for speculation."}]}]},{"type":"paragraph","children":[{"text":"Thinking ","bold":true},{"text":": Is this a healthy deleveraging correction in the bull market or the beginning of a trend reversal? The key is whether new funds will re-enter the market after the leverage is cleared."}]},{"type":"paragraph","children":[{"text":"View the complete data and charts: "},{"type":"link","url":"https://blog.ju.com/crypto-daily-market-report-dec16-2025/?utm_source=blog","children":[{"text":"https://blog.ju.com/crypto-daily-market-report-dec16-2025/?utm_source=blog"}]},{"text":"\n"},{"type":"topic","character":"Leverage","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Liquidation","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CapitalFlow","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"LongShortRatio","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Volatility","children":[{"text":""}]},{"text":" "}]}]