The short liquidity of 99,200 and above 100,000 has finally been cleaned out!!!
Currently, there is no concentrated short liquidity above the price, and most of the short liquidity is in a dispersed and even state, while the most concentrated long liquidity in the short term is around 95,000;
Due to the current futures funding rate reaching a high of 0.11%, it will attract a large number of arbitrage short positions to enter, creating an illusion of short positions still entering;
In this high funding rate situation, the long strategy is currently limited to buying on pullbacks, for example, the starting point of the futures rally is a potential position (marked in the diagram);
The expected wide fluctuation range of 85,000 to 105,000 is still valid, and whether 105k can break through strongly will determine whether the subsequent trend will be a crazy bull rally or a top structure;
Finally, everyone in the crypto circle should thank the tireless shorts. You might think that the breakthrough at 100k is the result of the bulls working together, but in fact, it was the shorts that were nurtured for half a month who pushed it up;
