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Data Analysis:
According to the current liquidation map, the market is predominantly long. Based on the current Bitcoin price around $114,100, if the market fluctuates another $2,000 up or down and rises again to around $116,100, it is expected that the total liquidated amount for shorts would be about $800 million. Conversely, if the market falls to around $112,100, the total liquidated amount for longs is expected to be about $740 million.
Market View:
Market Direction: Mainly fluctuating and consolidating. From the current market trend, there has been a slight rebound overall, and Ethereum along with altcoins have followed suit. However, the overall rebound strength of the market is limited. I personally believe that the market will continue to primarily fluctuate and consolidate. In terms of contract operations, it is still mainly focused on short-term/breakout strategies, and additionally, pay attention to the CPI data release this week.
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