PANews reported on February 12 that Greeks.live analyst Adam posted on the X platform that the group is generally bearish in the short term, and traders are closing long positions and expressing concerns about weak price trends. The key support level that the market is concerned about is $95,000 tested overnight, while the $92,000 to $94,000 range is considered an important support area, and once it falls below it may "trigger a massive sell-off."

The market is currently showing short-term weakness, with declining volumes and low volatility (around 45-48%), making options trading difficult. However, a large buy order of 900 Bitcoins was found at the current price, and there is a "price vacuum" between $98,000, suggesting that a fast move may occur. It is worth noting that the option layout includes traders lowering the strike price of call options from $100,000 to $97,000 and closing the $95,000 put option before the CPI data was released. In addition, a perpetual contract-led sell-off was currently observed, but there were signs of short covering at the close of the US trading session, preparing for a possible reversal when the CPI is released.