According to CoinMeta, the price of Bitcoin reached $77,100 on August 24, experiencing a strong weekly recovery, but it remains below the technical resistance level of $80,000. CoinMarketCap data shows that the daily trading volume of Bitcoin is approximately $32.5 billion, which has increased by about 22% in the past week. According to CoinMeta, the open interest in Bitcoin futures was close to $55.7 billion on August 24, and the futures trading volume reached about $63.9 billion in the past 24 hours. The current market structure and liquidity conditions are different from previous cycles. Although the current pullback is relatively mild, attention still needs to be paid to the $80,000 resistance level.