According to the current liquidation map, the market is dominated by long positions. Based on the current Bitcoin price of around $107,000, if the market fluctuates by $2,000 more in either direction and rises to around $109,000, it is expected that the cumulative amount of short positions that can be liquidated will be approximately $510 million. Conversely, if the market drops to around $105,000, it is expected that the cumulative amount of long positions that can be liquidated will be approximately $1.81 billion. The net inflow of funds for the Bitcoin spot ETF yesterday was 59 million USD, while there was no inflow or outflow of funds for the Ethereum spot ETF yesterday.
Market Opinion: Currently, the market is in a pullback after an upward trend on the 1H and 4H charts. On the daily chart, there is already a long upper shadow, which has liquidated a wave of shorts. The key focus now is where this pullback will show signs of a stop-loss. Personally, I believe that in the short term, the market will continue to exhibit a trend of liquidation between longs and shorts. Bulls need to be cautious of the risks. In addition, as the situation in the Middle East escalates, if the Americans intervene, it will impact the U.S. stock market, which in turn will affect the overall market trend. Therefore, it is also necessary to pay more attention to news related to the Middle East.
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GateUser-ac407fc9
· 06-17 22:48
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Data Analysis:
According to the current liquidation map, the market is dominated by long positions. Based on the current Bitcoin price of around $107,000, if the market fluctuates by $2,000 more in either direction and rises to around $109,000, it is expected that the cumulative amount of short positions that can be liquidated will be approximately $510 million. Conversely, if the market drops to around $105,000, it is expected that the cumulative amount of long positions that can be liquidated will be approximately $1.81 billion.
The net inflow of funds for the Bitcoin spot ETF yesterday was 59 million USD, while there was no inflow or outflow of funds for the Ethereum spot ETF yesterday.
Market Opinion:
Currently, the market is in a pullback after an upward trend on the 1H and 4H charts. On the daily chart, there is already a long upper shadow, which has liquidated a wave of shorts. The key focus now is where this pullback will show signs of a stop-loss. Personally, I believe that in the short term, the market will continue to exhibit a trend of liquidation between longs and shorts. Bulls need to be cautious of the risks.
In addition, as the situation in the Middle East escalates, if the Americans intervene, it will impact the U.S. stock market, which in turn will affect the overall market trend. Therefore, it is also necessary to pay more attention to news related to the Middle East.
Subscription Benefits:
If family members want to earn profits of over 3000 points from large pancakes, please have them subscribe to enjoy early ambush layout. At the same time, the subscription also includes contract strategies for ETH and SOL. Don't just think about it, take action quickly and subscribe now~