Bitcoin has successfully stabilized at 10,730,819,422, and the rise is astonishing! It seems unexpected, but it is actually inevitable~

This wave of increase is clearly driven by large funds (whales), and the selling pressure is extremely weak— even when it surged to 95k, there was no large-scale selling pressure. Most retail investors who bought at the bottom early on have already taken their profits and exited~

Looking at the contract 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.

The more crucial point is that the trapped positions around 95k are not in a hurry to cut losses, which undoubtedly tightens market sentiment even further...

Altcoins have encountered a large-scale profit-taking sell-off, and the market may struggle to show significant performance going forward. Babies, please be careful to manage your position risk!