On Tuesday, July 8, 2025, the three major indices of A-shares collectively rose today. By the close, the Shanghai Composite Index increased by 0.7%, the Shenzhen Component Index rose by 1.46%, the ChiNext Index climbed by 2.39%, and the Northern Exchange 50 Index gained 1.36%. The total market turnover was 1,474.6 billion yuan, an increase of 247.6 billion yuan compared to the previous day. More than 4,200 individual stocks in the entire market rose.

From the July 7 Bitcoin liquidation heat map, it appears that in the short term, it may drop towards the vicinity of 107,000. As shown in the diagram, within the range of 110,000 to the current level, there is almost no high-leverage liquidation position, indicating a lack of upward momentum.

In contrast, in the 107,000 area, there is a large accumulation of liquidity. Data shows that at the position of 107,730, the total liquidation leverage amount reaches as high as 85 million dollars, indicating that there is a significant amount of potential passive buying pressure in this area, which may induce short-term volatility.