At first, everyone thought this was just an ordinary rebound. When the price rose, they all chose to short the initial positions and increase their short positions, until Bitcoin was about to break through 110,000...

Every cryptocurrency has market makers. They not only have the goods (BTC) but also have money (USDT), and most importantly, they have positions (most contracts are open positions). If they are your opponent, how do you play? Try to ally with institutions and avoid trading alongside retail investors.