Bitcoin's short-term surge meets resistance, hovering around the $118,000 mark, with nearly $300 million in liquidations across the network, intensifying the battle between longs and shorts. SocialFi leads the market, with the 'DOG' concept and Meme B becoming new favorites. Attention: If BTC falls to $109,500, long liquidations may exceed $680 million; if it breaks $131,500, short liquidations will surpass $750 million+. Controlling leverage risk is urgent!