Bitcoin is now $120,000, and the shorts are bleeding!
$120,000, a new six-week high!
This morning, Bitcoin violently broke through $120,000, and is now stabilizing around $120,370. But this market trend is purely a result of the U.S. government shutdown forcing a "data black market frenzy"—both non-farm payroll and CPI releases have been postponed, and the Federal Reserve has become a blind trader, forcing funds to mindlessly rush into Bitcoin!
Liquidation data: Nearly 150,000 people lost $423 million overnight!
Coinglass confirmed: $423 million was liquidated across the entire network in 24 hours, with nearly 150,000 people buried. Among them, short positions accounted for $300 million, while long positions only accounted for $120 million—indicating that retail traders are still betting on a correction, while institutions have already been holding long positions like rocket launchers!
Fund flow: ETF bombards $1.5 billion daily!
This week, Bitcoin ETFs saw a net inflow of $1.5 billion, accumulating a total position of 1.29 million BTC since approval, accounting for 6% of the total. BlackRock's IBIT has become the biggest winner; these institutions are not here to speculate, but to seize positions!
Insider news: JPMorgan predicts $165,000 by year-end!
Rumors on Wall Street: JPMorgan's latest report sees Bitcoin hitting $165,000 by year-end, while Citigroup is even bolder—directly calling for a target price of $181,000. But remember, while these institutions are bullish, they may secretly be reducing their positions!
Core logic: Data black market + 99% chance of Fed rate cut!
The U.S. government shutdown has led to the obliteration of economic data, with the probability of a rate cut in October skyrocketing to 99%. Liquidity expectations have exploded, making Bitcoin the only asset willing to catch flying knives! But there's a hidden crisis—every additional week of the shutdown shrinks GDP by 0.2%; if the economy truly collapses, can BTC survive?
Operational strategy: Either chase the breakout or just watch the show!
Bullish: Buy on a pullback to $118,000 with a light position, stop loss at $117,500, target at $120,500 (hold if breached)
Bearish: Want to go against the trend? Open a short at the current price of $120,500, stop loss at $121,000, target at $118,500. But the win rate is less than 30%!
Is $120,000 a starting point or an endpoint? The data black market will decide!
The bull market has just begun to heat up! Traders are saying: Hold above $118,000 and directly rush to historical highs. But right now, it's a game of "who picks up the final shares"—retail investors believe it will rise further, while institutions know they are dancing on the edge of a knife! $BTC $ETH $XPIN #BTC重返12万 #十月加密行情 #美国政府停摆
