Brothers, even though the price of Bitcoin has broken 110,000 and set a new historical high, if it can stabilize at 110,000, altcoins will likely experience a surge. If it drops, altcoins will immediately follow with a correction, so market risks still exist.

In the past 24 hours, the liquidation scale of long and short positions in the crypto market has been relatively mild, totaling about 200 million dollars, but this also shows an intensification of market divergence between longs and shorts. Additionally, with the rapid rise in Bitcoin's price, the pressure for a correction is gradually increasing.

Historical data from #比特币突破11万美元 shows that after Bitcoin sets a new high, it often experiences a certain degree of correction. For example, after Bitcoin reached an all-time high on January 20, 2024, the price temporarily fell by more than 30%. Therefore, investors should be cautious when chasing prices and pay attention to risk management.