$BTC Yesterday's surge completed the liquidation of all short liquidity at 104k for Bitcoin.

Looking at the current market, we can see that there is only residual short liquidity remaining from 105k to 106k, and above this price level, there is a completely empty liquidity gap;

Therefore, at least within this week,

it is unlikely that the price will break through 106k, so in my view, the current situation is:

1. Short liquidity (fuel) is almost depleted!

2. The total amount of unliquidated long liquidity is relatively high, but scarce near the current price;

3. The funding rates of the three major exchanges have all returned to normal.

Thus, it can be expected that the range of 100k~106k will become the new fluctuation zone until the short liquidity above 106k fills this gap, or the long liquidity near 97k completes its accumulation.