I just suddenly realized that when the candied orange confirmed the breakthrough of 95,000, there was a very large bullish liquidity at 76,000. Based on the price at that time and the position of the liquidation liquidity, it can be judged that it was exactly a 5x long position;

This indicates that futures bulls are finally willing to open larger positions!

Currently, there are clearly more people in the market expecting a pullback than those expecting the price to continue rising, so a lot of bearish liquidity has appeared again above the price...

However, it is worth noting that last night's market did not liquidate these newly added liquidity, especially when a breakout acceleration liquidation market could have occurred after breaking through 98,000, but ultimately did not...

Combining with the significant decrease in the proportion of candied oranges following the rise of U.S. stocks on Friday, we can speculate that the bearish liquidity above 98,000 may not be as much as we see on the liquidation map.

Therefore, to accumulate new bearish liquidity as fuel, we must use a long-term oscillation over the weekend to achieve this.

Thus, the current logic returns to last weekend's situation, which is that if a large amount of bearish liquidity begins to accumulate at 98,500, there is still hope for a higher high next week.

And if a significant bullish liquidity starts to accumulate below the price, the price may begin to pull back.

The current market logic is still not a spot-dominated buying situation, as the spot premium index has consistently remained at a high level without showing significant increases, indicating that buying is more likely to come from bearish stop-loss and forced liquidation. In this market, we should still observe more and act less.

Endure the solitude, and you can preserve the prosperity!