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Data Analysis:
According to the current liquidation map, long positions are currently being liquidated one after another. Based on the current Bitcoin price of around $117,600, if the market fluctuates up or down by $2,000 and rises again to around $119,600, it is expected that the total amount of liquidated short positions could reach approximately $550 million. Conversely, if the market drops to around $115,600, the total amount of liquidated long positions is expected to be around $2 billion.
The Bitcoin spot ETF saw an inflow of 194 million USD yesterday, while the Ethereum spot ETF had an inflow of 231 million USD yesterday.
Market Opinion:
Market Direction: The daily chart shows a downward oscillation. In the short term, the market will continue to oscillate within the daily chart range. As for when it can truly change direction, we can only continue to pay attention and wait. At the same time, Ethereum is also mainly consolidating; while daily fluctuations are still possible, the overall altcoin market has seen some pullback. If altcoins want to rebound further, we need to pay more attention to Ethereum's trends. Personally, I believe that as the end of the month approaches, the market will primarily be in a wait-and-see mode. Therefore, the short-term contract strategy should still focus on swing trading.
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