Data Analysis:

According to the current clearing map, the overall market is relatively balanced between long and short positions. Based on the current Bitcoin price around $115,200, if the market fluctuates by another $2,000 up or down, rising to around $117,200, it is expected that the total amount of short positions that could be liquidated would be approximately $1.28 billion. Conversely, if the market drops to around $113,200, it is expected that the total amount of long positions that could be liquidated would be approximately $980 million.

Yesterday, Ethereum's rise has already liquidated a wave of short positions, and currently, long positions dominate the market. Based on Ethereum's price around $3711, if it fluctuates up and down by $100 and rises again to around $3811, it is expected to liquidate approximately $600 million in short positions. Conversely, if Ethereum drops to $3611, it is expected to cumulatively liquidate around $1.1 billion in long positions.

The Bitcoin spot ETF had a net capital outflow of 9.9 million USD yesterday, while the Ethereum ETF had a net capital outflow of 35 million USD yesterday.

Market View:
Market Direction: Bullish. From the current market trend, it is still in a state of oscillation and rebound. The main reason for the rise is the increase in the US stock market, which has hardly retraced. Ethereum has bounced back the most and has re-entered the previous daily-level box oscillation, which is enough to indicate that the rise of Ethereum is not over yet and there is still an opportunity for another wave. A significant independent trend of Ethereum cannot be ruled out, and consequently, the overall altcoin market will also rise. Therefore, short-term contracts are suitable for buying on dips.