From the historical capital flow chart, you can see that the massive accumulation of BTC started at 19:30. Interestingly, this was also the deepest pullback phase. During this time, I noticed that many altcoin whales began reducing their positions, and some even exited entirely, indicating that people were a bit panicked, fearing BTC might drop below the 108K level. Simply looking at candlestick movements doesn’t provide much reference value; you need to understand the logic behind it.