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Data Analysis:
From the current liquidation map, Bitcoin and Ethereum are dominated by bulls.
The current price of Bitcoin is $111,300. If it rises to $113,300, approximately $734 million in shorts is expected to be liquidated. If it falls to $109,300, approximately $800 million in longs is expected to be liquidated.
The current price of Ethereum is $4560. If it rises to $4660, it is expected that approximately $680 million in short positions could be liquidated. If it falls to $4460, it is expected that approximately $1 billion in long positions could be liquidated.
Greed & Fear Index:
Neutral (52)
ETF fund flow (yesterday)
BTC Spot ETF: Inflow of 42.8 million USD
ETH Spot ETF: $132 million inflow
SOL Spot ETF: No inflows or outflows at present
Market Insights:
Market Direction: Mainly Consolidation. From the current market trend, the overall Ethereum market is still in a state of consolidation, but there are signs of a gradual bottoming process. Whether it can successfully bottom out still needs further attention. Personally, I believe that as the end of the month approaches, the overall volatility of the market and Ethereum will be relatively large, and there is a possibility of continuous back-and-forth liquidation of long and short positions, leading to a double explosion of both long and short positions. This is likely to prepare for a rate cut next month. Therefore, in contract trading, it is advisable to take a low leverage, conservative approach.