According to a report by Deep Tide TechFlow, Adam, a macro researcher at Greeks.live, pointed out in a briefing for the Chinese community that traders have differing opinions on Bitcoin's trend. Most believe that short liquidations could push the price to $113,000 or even to a new high.
However, there are also views questioning the current rise due to a lack of participation from the options market and a decline in open interest (OI). Traders are paying attention to implied volatility (IV) levels and short liquidation situations, believing that the current trend is driven more by futures rather than spot buying power.
