Data Analysis:

The current liquidation map shows that some long positions have taken profits and are now starting to short. Overall, there are more shorts in the market, with the long liquidation zones mainly in the 91500-92400 range. It is estimated that the liquidation amount for long positions is about 960 million USD. If liquidated down to 90000 USD, the cumulative liquidation amount for long positions is expected to be around 1.4 billion USD, while the most concentrated short liquidation zones are in the 94000-95600 range, with an estimated liquidation amount for shorts of about 2.066 billion USD.
Market View:
With the first two days of the market once pulled up, now the market as a whole is in a shock sideways, and this position is also the next time for the market to choose the direction, as for the rebound or pullback, I personally think that the short-term market will then pull back down to liquidate a wave of bulls, and then continue to rise, if it really pulls back down a stronger support near 90,000
At the same time, the short selling power in the liquidation map is also increasing, which is enough to indicate that the market has entered a state of long and short competition again. Moreover, there is an options expiration tomorrow, with the nominal amount of Bitcoin being $7.23 billion and the maximum pain point at $95,000, while Ethereum stands at $806 million with a maximum pain point of $1,900. Everyone should pay attention to this.
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