$BTC 11.23
From the current liquidation map, it can be seen that among the high-leverage long and short positions, when the Bitcoin price retraces to around 96400, it is expected that approximately $620 million in high-leverage long positions will be liquidated. If the Bitcoin price reaches around 100600, it is expected that approximately $600 million in high-leverage short positions will be liquidated;
It is clear that there is a considerable number of shorts facing liquidation around the 100000 mark, while the liquidation of longs is primarily concentrated around 97000.
From the current market trend, the short-term pressure on the overall market is first seen at the major threshold of 100000. Of course, if this level is broken, there will be further upward movement. The short-term support is seen around 97500, while Ethereum is expected to move within the range of 3260-3430 in the short term, and Sol has already broken its historical high, expected to move within the range of 250-265 in the short term.
Yesterday, the overall market was continuously trying to approach the major threshold of 100000. Although it got close, it still hasn't reached it. Personally, I believe there is still an opportunity to continue breaking through this threshold on Saturday and Sunday. If the overall market breaks above this level, it will only accelerate the upward trend of the market.
