$BTC

Big Pie: A large number of short orders entered the market after the price rebounded to around 97,000, and the liquidation price was concentrated around 100,000.

I don’t need to tell you what this means, right?

If the reason why it couldn’t reach 100,000 before was because the short fuel was not enough, then it is obviously enough now!

Next, let’s see whether the US dollar funds will rush to 100,000 with spot buying orders and liquidate these short liquidity during the short opening time on Friday night (closing 3 hours earlier than usual);

Although this pile of liquidity looks attractive, we still have to be careful about the situation where the price does not clear and starts to fall because of spot selling pressure. There have been precedents before.

After all, the current funding rate is not low, which means that the opening records of these short orders may also be large funds or main forces;

The decision should be in the hands of the spot market. If you buy a lot tonight, you can easily break 100,000. If you sell a lot tonight, the liquidity here will remain for a long time.