Conquer emotions, say goodbye to zero～～

Congratulations to #比特币 for returning to 110,000.

However, it needs to be approached with caution; do not blindly open positions and go all-in.

May and June are the warmest phases of the market and are also good opportunities for phased exits.

Large contract liquidation heat map

The chart below shows the heat distribution of large liquidations since the beginning of this year.

I have adjusted the liquidation amount to over 5 million USD.

You can see that early March and mid-April were the most concentrated periods of large liquidations.

During that time, #BTC dropped from over 100,000 to 70,000, with many large positions collapsing in the 70,000 range.

Contracts in March and April were cleaned up very thoroughly, reducing upward barriers.

Combined with market positives, emotions, and technical aspects, it has risen to new highs.

From a different perspective, this can also serve as one of the factors for judging the bottom.

In May of this year, there were relatively few large liquidations, indicating that large positions have decreased, and the time for significant volatility has not yet arrived.

However, from the contract data of major exchanges, it is clear that there is a divergence pattern where large holders are bullish while retail investors are bearish.

Therefore, the main force can still pull up a bit more, waiting for more fish to come in before netting.