Currently, the situation of BTC is that no one dares to go long, just watching the big coin rise. But everyone is shorting, resulting in continuous stop losses and liquidations. As a result, the big coin is being traded at high positions for long orders, and the market makers are quietly eating away at the liquidity. In simple terms, no one dares to go long at the high points, everyone is shorting, and the losses of the bears are the fuel for the rise.

The future trend is likely to be a slow rise, with bears continuously getting liquidated, ultimately causing an increase passively. The market makers are currently not in a hurry to manipulate the market, but are observing the changes. In the past seven days, spot has continued to flow out, and on the 21st, market makers spent about 20 million dollars to raise the contracts, while 1.4 billion has already been sold in spot. It can be said that the bears are too strong, which is why the market continues to rise slowly, constantly eating away at the bears' liquidity.