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Data Analysis:
According to the current market liquidation map, the overall market is dominated by bears. Based on the current Bitcoin price near $118,800, if the market fluctuates up and down by $2,000 and rises again to around $120,800, it is expected that the cumulative amount of liquidated shorts will be about $700 million. Conversely, if the market drops to around $116,800, it is expected that the cumulative amount of liquidated longs will be about $1.238 billion.
According to the current Ethereum liquidation map, the overall short positions currently dominate the market. Based on Ethereum being around $4260, if it fluctuates up or down by $100 and rises again to around $4360, it is expected that about $800 million of short positions could be liquidated. Conversely, if Ethereum drops to $4160, it is expected that about $680 million of long positions could be liquidated.
The Bitcoin and Ethereum spot ETFs saw a net inflow of $39.9 million and a total inflow of $379 million yesterday.
Market View:
Market Direction: Consolidation. Currently, the market has entered a phase of sideways consolidation in the short term, and Ethereum is similar, but the fluctuations in Ethereum's consolidation are still relatively large. As for altcoins, they have already experienced a pullback, indicating that altcoins are relatively weak overall. The U.S. CPI data will be released tonight at 8:30 PM, so I personally believe that the market and Ethereum will undergo a change after the CPI data is released. Therefore, in the short term, it is suggested to focus on short-term trading while keeping an eye on news developments.
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 feel excited, take action quickly and subscribe now~