Yesterday, a surge occurred, and Bitcoin completed the liquidation of all short liquidity at 104k.

Looking at 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 impossible 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 scarce near the current price;

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