BTC liquidated the additional liquidity from the last 3 days last night, but the large short liquidity at high levels has not been cleared yet...
Due to the liquidity vacuum between the two liquidation zones, there are only two paths to continue the liquidation trend:
1. Spot continues to buy in large amounts, directly crossing this fuel-less area;
2. Consolidate and pull back for a while, waiting for the short liquidity in the vacuum area to gradually fill up, and then continue to rise until the next liquidation zone;
Currently, it seems that due to the high spot premium, the probability of path 1 is greater.
