At this position, approximately 80 million has a stop loss of 110,000, and the liquidation position is 120 million. The market has already dropped to this point; to put it simply, it is waiting for more people to go short and then push it up together. It is not impossible to test the heavy short positions around 110,600. But don't forget, the purpose of this rally is to take out these dense short stop losses and liquidation positions.

$BTC