Today's liquidation map shows that the market is transitioning from a "bull dominance" to a "bear dominance." Big brother 62960 and second brother 1679.5 are the current "dividing line" between bulls and bears. The blue columns on the right (long liquidation/addition) represent hope for the future, but the bearish army on the left (pink area) remains an unavoidable risk. Remember, the market is always right; we just go with the trend.

Deep chart analysis:
We can see that when the price surged above 60,572, dense yellow and orange columns appeared, indicating a large amount of short leverage being liquidated. The price then pulled back but triggered another wave of liquidation around 62,777.
Most notably, the blue curve and columns on the right side. As the price stabilized above 62,960, the blue area on the right showed a clear stepwise rise, with a volume far greater than the left side. This indicates that the bulls' defense above the current price is very tight and that they are continuously accumulating energy.
After being heavily cleared earlier, the "head" (㸜头) now dominates. The liquidation volume on the right (long addition/short covering) is rapidly accumulating. If the price can hold steady at 63,000, the upward space could be further opened.
Similarly, second brother (二狗子), when the price surged above 1645.3, dense short liquidation columns (yellow, orange) appeared. This rally directly broke through many short defenses.
Like candied orange, second brother also shows a large number of blue columns above the current price (after 1692.8). This indicates that bulls are actively opening positions at high levels, or shorts are being forced to cover at high levels.
The 1679.5 level is very delicate, sitting at the turning point where the left-side shorts are exhausted and the right-side bulls begin to gain strength. If it falls below 1670, a new round of short rebound may be triggered; if it stabilizes, it could challenge 1740.
Short-term traders: Focus on the support levels at 63,000 and 1680. If the price stabilizes, consider light long positions with targets at 65,657 and 1740.
Mid-to-long-term investors: Currently, the market is in a sensitive period of transition between bullish and bearish. It is recommended to stay cautious and wait for the trend to become clearer.
Risk control reminder: Be sure to set stop-loss orders to avoid significant losses caused by sudden liquidations.
Disclaimer: The above analysis is based solely on chart data and does not constitute any investment advice. Invest cautiously. Make decisions independently according to your own risk tolerance.