Current market:

- The entire market is in decline, only $BTC is rising sharply.

- Market Makers (MM) are testing without injecting money, only pulling the price of BTC to see how far the limit can be reached.

Warning:

- This could be a trap, everyone needs to pay attention.

- The funding rate is significantly negative, Open Interest (OI) is sharply decreasing, indicating that many Long positions have been liquidated or closed.

Data from the past 24 hours:

- 136,409 traders have been liquidated, with a total value of up to 348.21 million USD.

- The largest liquidation on Binance (ETHBTC) reached a value of 4.63 million USD.

Assessment:

- Data shows that market sentiment is still easily manipulated as in previous times by MM.

Target prediction:

- At the $BTC 100k level, the total market capitalization Total 3 could reach around 940B ~ 1.1T USD.

- This season's target is expected for Total 3 to fluctuate from 1.21T ~ 1.4T USD.

- MM could pull right from the current position if it seems reasonable. (A gentle reminder: don't trap us anymore MM, we are already tired of holding the positions, just play a little).

Next plan:

- Altcoins are ready for a strong rally. Those who have entered should hold their positions confidently.

Source: Lucifer-BB