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區塊客
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[The Madman Says Trend] BTC continues to face high difficulty in advancing, likely to correct near $100,000
The madman says...
Today's historical new high is superficially very exciting, but in reality, the increase is quite weak. From the premium on Coinbase, this wave directly flattened the premium this morning, which means it was not driven up by real money but rather completed this new high through contract liquidations and accumulation of long positions.
At the same time, there has been no widespread wealth effect from competing coins, indicating that demand in the market is rapidly depleting, and liquidity is beginning to tighten.
Looking again at the contract bulls, a large amount of long positions have accumulated above $100,000, which is solid short fuel. Therefore, it is extremely difficult to continue advancing in the short term, unless there is a massive buying spree when the US stock market opens tomorrow, a sight that is not common before Christmas.
Today's historical new high is superficially very exciting, but in reality, the increase is quite weak. From the premium on Coinbase, this wave directly flattened the premium this morning, which means it was not driven up by real money but rather completed this new high through contract liquidations and accumulation of long positions.
At the same time, there has been no widespread wealth effect from competing coins, indicating that demand in the market is rapidly depleting, and liquidity is beginning to tighten.
Looking again at the contract bulls, a large amount of long positions have accumulated above $100,000, which is solid short fuel. Therefore, it is extremely difficult to continue advancing in the short term, unless there is a massive buying spree when the US stock market opens tomorrow, a sight that is not common before Christmas.
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