$BTC 1. One hour ago, Tether issued an additional 1 billion USDT, and large institutions continue to buy the dip. This month, Tether has already issued 2 billion to enter the crypto market.

2. Currently, over 60% of large holders and retail investors are shorting BTC, forming a counterparty position against the whales, with the risk of being squeezed at any time.

3. Currently, BTC at 110,000 is a very tempting short point, which is a historical high. However, I still maintain my previous view: within the range of BTC 110,000 - 150,000, this is just the whales' number; Bitcoin is heavily controlled by Wall Street, and the highs will continue to be refreshed until they want to sell off.