According to the analysis of the liquidation chart, when the market price approaches 60,000, it is expected that about 800 million long positions will be liquidated. If the price falls back to around 56,000, about 1.2 billion long positions will face the risk of liquidation.
Judging from the current market trading volume, if the price rises rapidly to a high level, there may be a lack of subsequent momentum, triggering panic selling in the market. Therefore, in the short term, the market is more inclined to move downward to absorb more chips!