BTC Liquidity Signal: Short-term expectation of a slight new high, waiting for CPI validation

The liquidity distribution in the futures market shows that the current spot premium increase mainly comes from new short liquidity under $124,800. The liquidity in this area has not yet reached a level that would trigger a liquidation, but it may form a new liquidation zone over time.

In the short term, if the CPI data does not show significant bearish signals, BTC still has a chance to slightly break new highs this week. Although the price has risen significantly, the liquidity distribution remains favorable for the bulls.