Market conditions change rapidly, trading is all about the present; sing the song for the mountain you are on. The Bitcoin market has once again seen a decline, which is very crazy. It has been a long time since we have seen such volatile market conditions. This kind of volatility is heartbreaking, and it erodes human nature. If you can't hold on, you just sell off; many people are like this. However, we have observed that before Bitcoin fell to $110,000, there was an accumulation of nearly $10 billion in short positions. Who exactly is shorting it, right? I haven't figured that out yet, but looking at the intra-day liquidation chart, there seems to be a desire to reach over $93,200 with these shorts. It might touch this level. Overall, the market is still experiencing volatility both intra-day and over the weekend. As long as it hasn't broken out of this volatile range, it remains in this range, which can be relatively boring. In such boring market conditions, you should just do what you want to do, eat what you want to eat, and drink what you want to drink; don't pay too much attention to this market.

Now, at the daily level, it is infinitely crossing the zero axis. Many friends are actually confused when they see $10 billion in short positions, right? Why are so many people shorting, do they all think Bitcoin will drop? Indeed, many people believe it will fall. The market cap of stablecoins hasn't shown growth, and there has been an outflow of over 3,000 Bitcoin from the spot ETF. Combined with the current state of the rainbow chart, it has reached a certain bottleneck stage. Therefore, many shorts are choosing to take a bearish action. However, Wang Yun still firmly believes that this wave of market conditions has not yet reached its true significance. What belongs to you will ultimately belong to you, what doesn't belong to you will eventually be sold off, possibly at a very cheap price. Don't regret it. That's all for today.