Current distribution status of liquidity in the BTC futures market: There has been no significant increase in liquidity on either side, indicating a likely continuation of consolidation while gradually accumulating liquidity;

Question: Does this chart imply a price liquidation at the position above?

Answer: Not necessarily, this part of liquidity is not the kind that needs to be rapidly liquidated, because apart from above 106k+, there is a significant lack of liquidity elsewhere, so even if it is cleared, it cannot be sustained;

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

Answer: Yes, before the supply-demand relationship in the spot market changes, the price will likely spike to 106600 during a rebound in consolidation. If there is no significant increase in liquidity at that higher position, it will likely pull back after capturing liquidity and continue to consolidate;

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Question: When will it be considered that the liquidity accumulation has reached the standard?

Answer: Once the brightness of the liquidation color blocks on the liquidation map gradually approaches that of 101400, a new breakout should be around the corner!

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Question: Bullish or bearish?

Answer: Bullish, because the trend structure has not been broken. Until liquidity accumulation reaches a point where long and short average leverage analysis can be conducted, we can only passively remain bullish, as the continuation of the trend is generally more likely;

If in the future there is a lack of short positions entering the market while long positions keep buying the dip, even if the trend structure is not broken, we will consider going bearish!