According to Coinglass data, over 119,600 people have been liquidated in the past 24 hours, with the total amount of short liquidations reaching 285 million USD! In the past 12 hours, 240 million was liquidated, 77.1 million in 4 hours, and another 14.54 million in just 1 hour. Ethereum once surged to 1968, nearing the 2K mark, eager to test it; while Bitcoin's intraday high pointed directly at 99863, just a step away from 100K!

Many people believe that 100K and 2000 are strong resistance levels, and a pullback is imminent, causing a rush to short. But have you really thought it through? The weekly K-line resistance is still far, and there is still room for a rally on Friday; however, come Saturday and Sunday, with insufficient liquidity, the probability of a pullback after a surge will increase.