$BTC

5. What will happen next

He is still holding his position without any liquidation actions.

The market generally believes that he will hold on until the next U.S. inflation data is released. If Bitcoin falls below 112,000, it means he has won again. If it rebounds above 124,000, he may be forced to liquidate, but at his pace, he is likely already prepared with hedged positions. The bearish sentiment in the market is spreading, and the liquidation amount on exchanges is also increasing; this wave of pressure is getting heavier. Retail investors are bottom-fishing, while he is shorting; soon, we will see who wins and who loses in this play.