From the liquidation map, in the coming week, if the price can strongly rise to the key level of 104400, then the bears will face a massive liquidation of up to 3.094 billion dollars.

On the contrary, in the case of a decline, if the price drops to 83000, calculations show that the cumulative liquidated long positions amount to only 991 million dollars. There are profound reasons behind this; after all, the sharp drop from 99600 to 91600, a decline of up to 8000 points, has made it difficult for those who aggressively bought in and held heavy positions to endure. Most of them have already left the market helplessly, leaving the remaining long positions relatively weak.

Focusing on the liquidation chart, the battle in the past 24 hours has been brutal, with over 226,000 people liquidated, involving an amount as high as 690 million dollars. Among them, the bulls have become the main victims, suffering losses amounting to 580 million dollars, clearly indicating that the bulls are in a very unfavorable position in the recent game. In the past hour, the bulls have continued to suffer blows, with another 62.17 million dollars being liquidated. Such an intense struggle between bulls and bears has laid bare the risks in the cryptocurrency market. Therefore, for those investors looking to catch a bottom, it is essential to remain highly cautious. The cryptocurrency market is as unpredictable as the weather, sometimes clear and sunny, sometimes stormy and chaotic; the saying that fortunes change in thirty years is vividly illustrated here. One must not be blindly stubborn, lest they fall into an irretrievable abyss.

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