With the strong drive of Bitcoin, the entire cryptocurrency market has shown a rising trend. Ethereum's price has surpassed $2,180, with a daily increase of over 20%, and the smart contract ecosystem remains active; Dogecoin's price has reached $0.19, with an increase of over 13%, sharply rising in trading volume due to its unique community culture and widespread dissemination; mainstream cryptocurrencies such as Cardano and Ripple have also recorded increases of 13%-20%, supported by various degrees of technological upgrades and application expansions. According to Coinglass data, the amount of long and short liquidations is vastly different, clearly reflecting the market's extremely high bullish sentiment in the short term, with short-sellers suffering heavy losses.