According to the current liquidation map, the market is relatively balanced between long and short positions. Based on the current Bitcoin price near $106,100, if the market fluctuates by $2,000 up or down, and rises again to around $108,100, the cumulative liquidatable short amount is expected to be about $1.95 billion. Conversely, if the market falls to around $104,100, the cumulative liquidatable long amount is expected to be about $1.24 billion. The Bitcoin ETF spot saw an inflow of $152 million yesterday, while the Ethereum ETF spot saw an outflow of $26.7 million yesterday.
Market direction: Short-term continues to fluctuate upwards. From the current market trend, the market is primarily in a state of fluctuation, but from a daily perspective, it could still rise a bit more. Ethereum and most other mainstream coins are following the market's lead, but overall volatility is not significant, being somewhat similar to yesterday's daytime trend. Personally, I believe the market is currently more about waiting and observing to see if Powell can release some positive news tonight. Powell's speech last night conveyed to the market that whether there will be a rate cut next month still depends on the data. Therefore, in the short term, we will continue to adopt a short-term swing trading strategy.
Positioning 3 altcoins that could increase 10 times in the future!
1.TIA
In the context of the recent market downturn, Celestia stands out as a hot choice worth watching. Despite experiencing a significant pullback, Celestia continues to attract the attention of many investors due to its strong fundamentals. As a modular blockchain designed to drive robust applications with full-stack control, Celestia consistently shines with its technological innovations and potential.
Currently, the token is trading at about $1.66, and it seems to be approaching a local bottom, with expectations of a rebound to the $0.182 range in the short term. Although market sentiment is severely impacted by macro events, TIA's nearly 50% pullback seems disproportionate to its long-term value proposition.
Many view this downturn as an accumulation opportunity, especially considering the broader trend of investors turning to utility assets in uncertain times.
The outlook remains cautiously optimistic, as once the market stabilizes and investor confidence returns, Celestia's role in achieving scalable, modular blockchain infrastructure will make it an attractive asset.
2.arb
Arbitrum has been hovering around $0.31, and despite experiencing a long-term downtrend over the past year, it still shows some stability. Its market cap once reached $4.5 billion but has now fallen to about $1.5 billion.
Sentiment around Arbitrum suggests it may be approaching a bottom, especially as the market begins to look for potential reversal areas.
Although short-term volatility persists, there is growing belief that $ARB may soon find a local bottom, and a rebound could occur once market conditions improve.
The current slump is better described as a reset phase rather than a signal of collapse. Arbitrum still maintains its solid position in the Ethereum Layer-2 ecosystem. For value-seeking investors, this price range may be an attractive entry point if the trend begins to reverse.
3.SUI
Amid the recent cryptocurrency market pullback, Sui has emerged as a highlight. Despite the overall market being heavily impacted, with many tokens dropping over 30%, $SUI remains a fundamentally strong and significantly useful asset.
From an annual perspective, the token has performed well, but it has recently dropped by 22%, reflecting the overall market slump. Despite experiencing such a pullback, Sui continues to provide real value by bridging the gap between Web3 innovation and Web2 usability.
Historically, this token has shown resilience—previously dropping from around $4.90 to $2, then bouncing back significantly to $4. Given its past performance and the current price hovering around $2.81, some speculate that the token may be on the verge of a new rebound, potentially rising to $3 or $3.50.
In uncertain circumstances, once market sentiment starts to improve, projects with long-term relevance and strong infrastructure, like Sui, tend to quickly regain attention.
Brothers, come gather in the chat room: