Judging from the Bitcoin liquidation chart, there is an obvious imbalance between the liquidation chips below the market and the chips above.

If the price rises to $62,500, the scale of liquidation of short orders will reach a staggering $16.25 billion; while at around $59,500, the scale of liquidation of long orders is only $6.8 billion, a gap of more than double. This means that whether the bulls can continue to withstand the pressure, tonight's CPI data will be the key.