The total contract volume has reached 142.68 billion, showing a steady growth. It seems that the money in the cryptocurrency market really comes like a windfall.

From the liquidation heat map, the long positions in the range of 103,000 to 95,000 are not actually dense anymore (retail investors have made their profits and left, what remains are large players and institutions), so the current price is consolidating, and the potential gains downward are not very high. If it goes up to 108,000, there would be quite a few short positions being liquidated, with a liquidation intensity of 1.3 billion.

Stimulated by a bunch of positive news, the long-short ratio of 66,906,618,289 has risen from 0.6 to 0.8. It seems that those who were smart or aggressive have already been eliminated in this round. According to my understanding, there isn't much left to support Bitcoin breaking new highs (or it could quickly reach 108,000 to 110,000, liquidate the short positions, and then rapidly pull back, not giving you a chance to get in).