Bitcoin has successfully stabilized at #比特币市值排名 , and the upward momentum is astonishing! It seems unexpected, but it is actually inevitable.~

This wave of increase is clearly driven by large funds (whales), and the selling pressure is very weak — even when it surged to 95k, there was no large-scale selling situation, and 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 hold steady, more shorts are likely to be liquidated.

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

Altcoins, on the other hand, are experiencing large-scale profit-taking sell-offs, and the market is likely to struggle to perform well in the future, so everyone should be cautious about managing their position risks!

The market is currently entering a sideways adjustment period, and it will take some time to stabilize. But there's no need for everyone to be overly pessimistic. Look at Saylor, who is such a steadfast bull; their rhythm may hint that a new breakthrough could come next week!