#比特币市值排名 The rise of BOLA is clearly driven by large funds (whales), and the selling pressure is extremely weak — even when it surged to 95k, there was no large-scale selling pressure, as most retail investors who bought in early have already taken profits and exited~

Looking at the futures market, short positions are continuously being liquidated, but new short positions are still piling up. If Bitcoin can stabilize, more shorts are likely to be liquidated.

More importantly, the trapped positions around 95k are not in a hurry to cut losses, which undoubtedly makes market sentiment even more tense.