Data Analysis:
According to the current market clearing map, the market is largely dominated by bulls. Based on the current Bitcoin price of around $117,000, if the market fluctuates up or down by $2,000 and rises again to around $119,000, the expected cumulative amount of shorts that can be cleared is about $1.3 billion. Conversely, if the market drops to around $115,000, the expected cumulative amount of longs that can be cleared is about $1.355 billion;
According to the current Ethereum clearing map, the market is currently largely dominated by bulls, based on Ethereum around $3,890. If it fluctuates up or down by $100 and rises again to around $3,990, the expected amount of shorts that can be cleared is about $660 million. Conversely, if Ethereum drops to $3,790, the expected cumulative amount of longs that can be cleared is about $1.08 billion.
The net inflow of funds for Bitcoin spot ETF yesterday was $121 million, and for Ethereum ETF, it was $115 million.
Market Opinion:
Market Direction: Bullish. Last night, Trump signed a favorable message allowing U.S. pensions to enter the cryptocurrency market, which directly caused the market to rise. Most altcoins, including Ethereum, also moved upwards. From the latest market trends, the overall market is still in a consolidation phase on the 4H chart, but I personally believe that this favorable news from last night has driven market sentiment to become more positive and active, and it can continue to rise. Therefore, it is suitable to adopt a buy-on-dips strategy.
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