Data Analysis:
The current liquidation map shows that with a leverage of 50x and 100x, based on the current Bitcoin price around $87,400, if Bitcoin rises by $1,000, the estimated total amount of short liquidations could be around $255 million. Conversely, if Bitcoin drops again to around $86,400, the estimated total amount of long liquidations could be around $43 million.
Currently, the long-short ratio is relatively balanced overall, but short positions are nearing a liquidation zone, so caution is advised regarding risks.
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Market Viewpoint:
From the daily chart perspective, the overall market is still in a fluctuating trend, and has not truly broken out of the range-bound consolidation, so we can only continue to wait. However, the greed index has entered a state of panic, so in the next couple of days, pay attention to whether Bitcoin can hold the support at 85,000 dollars.
