If #BTC short-term rushes to 123k, it can directly trigger a 3 billion USD short position; but if it really breaks through 100,000, it will at most blow up 2.3 billion long positions. From the perspective of the market maker, which path is more lucrative is actually obvious at a glance.

Moreover, with #美联储 about to reach #降息 , market liquidity is about to hit a turning point, and such timing often accompanies a "major trend reversal". The market maker will either wash out shorts in the direction of the trend, pushing for a new high and burying the shorts; or they might first make a false move, breaking through key levels to make those chasing highs and cutting losses pay tuition fees.

So the question is not "up or down", but rather at what position the market maker will maximize the harvest. It's best not to stand on the wrong side in the short term; wait for confirmation of the direction before following.