The liquidity distribution in the futures market proves this point. The current increase in spot premiums mainly comes from new short liquidity below 124.8k;

Although the liquidity in this area is still insufficient to trigger a liquidation situation, as time goes on, it is highly likely that a new liquidation zone will form;

Therefore, in the short term, as long as the CPI data is not too bearish, BTC still has a chance to slightly break new highs this week.

After all, even though the price has risen so much, the distribution of liquidity remains relatively favorable for the bulls.