Market Overview
🚀 $BTC strongly breaks through $110,000, with liquidation amount reaching $422 million in 24 hours, a devastating situation for the bears.
📈 Various memecoins perform impressively, with small-cap tokens like $PONKE, $NPC, and $WIF surging strongly, while $DOGE, $PEPE, and $WIF again make it into the top ten trading volume.
📉 Liquidation risk warning:
🔺 If BTC rises to $112,216, $264 million in short positions will be liquidated.
🔻 If it falls to $109,216, the liquidation amount for long positions could reach $470 million.
📌 The liquidation pressure on the bulls is significantly higher than that on the bears, exercise caution with leverage to avoid chasing high and getting liquidated.
