Current BTC futures market liquidity distribution status: There has been no significant increase in liquidity on either side, suggesting that it may remain in a range and gradually accumulate liquidity;

Question: Does this chart imply the price will clear at the position above?

Answer: Not necessarily, this part of liquidity is not the kind that needs to be quickly cleared, because apart from above 106k+, other areas are very lacking in liquidity, so even if it is cleared, it cannot be sustained;

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Question: If the price continues to rise, will it be cleared?

Answer: Yes, before the supply and demand relationship in the spot market changes, the price will likely trigger a clearing at 106600 during a rebound in the range, and if there is no significant new liquidity at higher positions at that time, it will likely pull back after grabbing liquidity and continue to range;

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Question: When will liquidity accumulation be considered sufficient?

Answer: When the brightness of the clearing color blocks on the clearing map gradually approaches that of 101400, a new breakout trend should be on the horizon!

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Question: Bullish or bearish?

Answer: Bullish, because the trend structure has not been broken. Before liquidity accumulates enough to analyze the average leverage ratio for long and short positions, we can only passively remain bullish, as the continuation of the trend is ultimately more probable;

If there is a situation where short positions do not enter the market and long positions keep bottom-fishing in terms of liquidity distribution, even if the trend structure is not broken, a bearish stance will be considered!