Figure 1 is when#ETHwas 4400 at the end of November 2021, when the market was very bullish and consistent; Figure 2 is the current liquidation status of #ETH, which is also a very consistent bullish capital suppression. When there are no more short positions to pay for rising liquidity, we need to pay attention to the risk of macro stampede. Today's bulls may be forced to become tomorrow's shorts. In the short term, it is bullish to induce a correction, and in the medium term, it will continue to be bullish.