U.S. inflation data released, market nerves are tense, Bitcoin briefly surged before retreating, with liquidation reaching up to $770 million in 24 hours, mainly concentrated in short positions. Clearing data shows that if BTC drops to 117,295, the liquidation amount for long positions will exceed $795 million, far higher than the liquidation amount for short positions during a rise. This indicates an overall bullish market sentiment, but the use of leverage is too high, which may trigger a chain reaction of liquidations. We are currently in a critical range, and it is recommended that investors closely monitor the liquidation map and manage their positions wisely to respond to sudden fluctuations, avoiding being swept out of the market during extreme market movements.
