Bitcoin $110,000 Showdown: $72 Billion in Open Interest Hits Record, Long and Short Battle Unfolds
1. Bulls Strongly Pressing
- Institutions Frenziedly Increasing Holdings: BlackRock's Bitcoin Holdings Soared from 2.6 Million to 5.85 Million, MicroStrategy Added 7,390 at an Average Price of $103,000
- Liquidity Tightening: Exchange Bitcoin Reserves Continue to Decline, Buying Pressure Intensifies
- Shorts Being Crushed: $55 Million Liquidated Instantly at $110,000 Break, $510 Million in Short Positions Remain at $101,000 Hanging by a Thread
2. Shorts Defending the Line
- Key Resistance Zone: A Large Number of Short Positions Accumulated at $107,000-$108,000, Breaking Below $98,000 Will Trigger $1.9 Billion in Long Liquidations
- Market Sentiment Diverging: Greed Index Reaches 70, but the Contract Long-Short Ratio is Only 0.52, Indicating Strong Hesitancy Among Retail Investors
- Potential Risk Points: Federal Reserve Policy Changes and Macroeconomic Uncertainty May Reverse Market Trends
3. Key Factors in the Showdown
- Institutional Movements: If BlackRock and Others Continue Aggressive Buying, It May Drive Bitcoin to Test $115,000 or Even Higher
- Technical Support: $102,000 Becomes a Short-Term Lifeline, Losing This Could Trigger Large-Scale Technical Sell-Offs
- Liquidity Risk: In a High-Leverage Environment, Any Directional Breakthrough Could Trigger a Chain Reaction of Liquidations
The market is at a critical point, and the outcome of this long-short duel will determine Bitcoin's next phase of movement. Will it continue a strong breakthrough, or will it face a deep correction? Let's discuss in the comments
I am @Crypto 反卷祖师爷 , skilled in medium to short-term contracts and medium to long-term spot layouts, sharing investment tips daily, detailed strategy teaching points @Come!
