Data Analysis:

According to the current liquidation map, the market is currently dominated by short positions. Based on the current Bitcoin price around $117,500, if the market fluctuates up and down by $2,000 and rises again to around $119,500, the estimated total liquidated amount for short positions could be about $2.86 billion. Conversely, if the market drops to around $117,600, the estimated total liquidated amount for long positions could be about $1.14 billion.
The Bitcoin spot ETF saw an inflow of $9.7 million yesterday, while the Ethereum spot ETF saw an inflow of $8.6 million yesterday.

Market Opinion:
Market Direction: The daily chart shows a sideways consolidation. From the current market trend, it is mainly in a state of sideways consolidation, while Ethereum has emerged with its own independent trend. Currently, the overall trend of Ethereum is still quite good. Personally, I believe Ethereum can continue to rise further. In terms of contracts, it is recommended to continue to go long on Ethereum when prices drop, as the rise of Ethereum has also led to a rebound in Ethereum-related and most altcoins. Additionally, pay close attention to the progress of the voting on cryptocurrency legislation in the U.S. Once passed, it will provide more compliance and legal protection for the development of the entire crypto space.

Subscription Benefits:
Welcome family members to subscribe and enjoy an early layout together. At the same time, subscribing also includes contract strategies for ETH and SOL. Don't just be tempted, take action and subscribe now~