This wave of rise at #比特币市值排名 is clearly driven by large funds (whales), with very weak selling pressure—despite peaking at 95k, there hasn't been a large-scale selling situation, and most retail investors who bought in early have already taken profits and exited.~

Looking at the futures market, short positions are continuously being liquidated, but new short positions are still piling up. If Bitcoin can hold steady, more shorts are likely to be liquidated.

What's more critical is that the trapped positions around 95k are not in a hurry to cut losses, which undoubtedly makes the market sentiment even more tense.