As of now, the total liquidation in the last 24 hours has exceeded 7 small targets, mainly consisting of short liquidations. Bitcoin and Ethereum are repeatedly challenging the limits of the bears. At 7:14 this morning, Bitcoin reached a new high of 89,475, while Ethereum adjusted temporarily around 3,300 due to some trapped positions or profit-taking.

For instance, significant players and whales, including Brother Sun, have started selling, causing Ethereum to encounter temporary resistance. However, after digesting this pressure, it can still resume its upward trend. Looking back now, that large green bar from last week has indeed caused great distress for the bears; how many people are still holding short positions from below 7 until now?