$BTC
To be honest, the market situation is really becoming more and more cunning now, with various favorable factors plus micro strategies coming out every day to protect and increase positions.
Every time Bitcoin wants to take a break, as soon as micro strategies intervene, it bounces back immediately as if it has been given a shot of adrenaline.
In simple terms, this trend is a typical strong bullish structure; under normal circumstances without significant bad news, the position at 100K is really not something you can just break through. Coupled with favorable CPI data, the market is likely to get fully underway.
Back to the market, the short liquidity stacked above has reached its highest level in nearly two months. You read that right; it really has piled up like a mountain. Normally, in this situation, the market should have already had a wave of short liquidations.
But the problem is that the spot premium index is continuing to decline, which means that the spot market is not giving any face at all. Instead, while your futures market is in a tug-of-war, they are quietly unloading.
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