According to the latest liquidation data, the market is currently dominated by bears. The current price of Bitcoin is around $104,600. If there is an upward fluctuation of $2,000, breaking into the $106,600 range, it could trigger approximately $1.47 billion in bear liquidations. Conversely, if the price drops to $102,600, it will trigger about $1.08 billion in bull liquidations.
From the perspective of fund flow, Bitcoin spot ETFs saw a net outflow of $214 million yesterday, while Ethereum spot ETFs had a net outflow of $5.4 million. The continuous outflow of funds indicates that large investors remain cautious.
Market Direction: Short-term bearish
As the geopolitical situation in the Middle East remains tense and U.S. intervention escalates, market risk aversion intensifies, and the overall market trend is also weakening in sync with U.S. stocks. The current trend shows a lack of short-term rebound strength, overall leaning weak.
Interestingly, Ethereum has shown relatively strong performance recently, which to some extent indicates that the market still has a certain structural preference for ETH.
Operational Suggestion:
In the short term, it is still recommended to focus on short-term operations. On one hand, the market is affected by multiple uncontrollable risk events; on the other hand, at 2 AM tonight, the Federal Reserve's interest rate decision and Powell's speech will take place.
The market currently expects that this meeting will maintain interest rates unchanged, with rate cuts possibly waiting until the second half of the year. However, it is important to note that Powell's remarks may again influence market sentiment, so be sure to closely monitor the content of the speech that night.
