Data Analysis:

According to the current liquidation map, long positions were liquidated last night, and the market is currently dominated by short positions. Based on the current Bitcoin price around $117,900, if the market fluctuates another $2,000 up or down, rising to around $119,900, it is expected that the total liquidated short amount could be about $770 million. Conversely, if the market drops to around $115,900, it is expected that the total liquidated long amount could be about $1.248 billion.
Bitcoin spot ETF had a net outflow of $21.2 million yesterday, while Ethereum spot ETF had a net outflow of $17.6 million yesterday.

Market View:
Market Direction: Mainly consolidating and moving sideways. From the current trend of the market and Ethereum, the daily chart is still in a sideways consolidation. As the end of the month approaches, the market is more influenced by news, affecting the market trend. In the short term, the market has also entered a wait-and-see phase for a potential shift in the market. As Ethereum has slightly retreated, most altcoins have also followed this trend with a wave of correction. Therefore, short-term contracts should focus on short-term trading, and we will reassess after the news is released.

Subscription Benefits:
Welcome family members to subscribe and enjoy the opportunity to layout in advance together. At the same time, subscribing also includes contract strategies for ETH and SOL. Don't just think about it, take action and subscribe quickly~