#BTC重返10万 Yesterday, a wave of upward movement fully liquidated all short liquidity at 104k for Bitcoin.

Returning to the current market situation, we can see that the remaining short liquidity above the current price is only between 105k and 106k, and above this price level, there is a complete vacuum of liquidity;

Therefore, at least within this week,

the price is unlikely to break through 106k. So in my opinion, the current situation is:

1. Short liquidity (fuel) is almost exhausted!

2. The total amount of unliquidated long liquidity is quite high, but currently sparse near the price;

3. The funding rates of the three major exchanges have all returned to normal.

Therefore, it can be expected that 100k~106k will become the new range for fluctuations, until the short liquidity above 106k fills this gap, or the long liquidity near 97k completes its accumulation.

For those holding long-term short positions with a high liquidation price, after this round of second-stage upward movement, everyone must be feeling anxious, but in fact, this is precisely when the price is about to start fluctuating.