$BTC
Compared to the clearing liquidity situation of the BTC futures market yesterday, today's status is slightly different:
1. There is still a considerable amount of short liquidity below 108k, but it is not as much as the long liquidity around 102k...
2. The funding rates in the futures market have declined across the board, indicating that shorts have finally taken action!
This has made the current market situation quite tangled...
On one hand, a large influx of new short liquidity is starting to attract a price increase, while the massive long liquidity below has yet to show significant attractiveness...
In other words, before the price breaks the current ascending channel (wedge) that maintains the gradually rising structure, the futures market is still attempting to continuously liquidate shorts...
