The current liquidation map shows that based on Bitcoin's current price around $94,500, if Bitcoin drops by $1,500, the total long positions expected to be liquidated are about $1 billion; conversely, if it rises by $1,500, the total short positions expected to be liquidated are about $1.1 billion. Market View: The overall market is still in a daily level of oscillation and consolidation, and most altcoins on the rise and fall list are also in a sideways state, which is enough to indicate that the current market is still relatively quiet, with more of a wait-and-see sentiment. Personally, I believe whether the market can change this week depends on the news, as there are the Federal Reserve's interest rate decisions and Powell's speech this week. Therefore, at this stage, it is still recommended to focus on short-term or swing trading with back-and-forth transactions. Subscription Benefits: Family members, please subscribe to enjoy market analysis trends, as well as trading strategies for spot and futures, filled with valuable content. Let's get started with the subscription!
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Data Analysis:
The current liquidation map shows that based on Bitcoin's current price around $94,500, if Bitcoin drops by $1,500, the total long positions expected to be liquidated are about $1 billion; conversely, if it rises by $1,500, the total short positions expected to be liquidated are about $1.1 billion.
Market View:
The overall market is still in a daily level of oscillation and consolidation, and most altcoins on the rise and fall list are also in a sideways state, which is enough to indicate that the current market is still relatively quiet, with more of a wait-and-see sentiment. Personally, I believe whether the market can change this week depends on the news, as there are the Federal Reserve's interest rate decisions and Powell's speech this week. Therefore, at this stage, it is still recommended to focus on short-term or swing trading with back-and-forth transactions.
Subscription Benefits:
Family members, please subscribe to enjoy market analysis trends, as well as trading strategies for spot and futures, filled with valuable content. Let's get started with the subscription!