$USDC Yesterday, there was a wave of increase, and Bitcoin completed the liquidation of all short liquidity at 104k.

Returning to the current market, 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,

It is unlikely for the price to break through 106k, so in my view, the current situation is:

1. Short liquidity (fuel) is almost exhausted!

2. The total amount of unliquidated long liquidity is relatively high, but it is sparse near the current price;

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

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

For those holding long-term short positions, with a high liquidation price, after this wave of secondary increase, they must be feeling anxious, but in fact, this is exactly when the price is about to start oscillating.