Last night, the shorts have almost been liquidated, and from the current liquidation map, the market and Ethereum are dominated by the bulls.
The current price of Bitcoin is 116,600 USD. If it rises to 118,600 USD, it is expected to liquidate approximately 950 million USD in short positions. If it falls to 114,600 USD, it is expected to liquidate about 1.1 billion USD in long positions.
The current price of Ethereum is $4826. If it rises to $4926, it is expected that approximately $620 million in shorts will be liquidated. If it falls to $4726, it is expected that approximately $1.04 billion in longs will be liquidated.
ETF Fund Flow (Yesterday) BTC Spot ETF: Inflow of $19.1 million ETH Spot ETF: Inflows of $105 million SOL Spot ETF: No inflow or outflow currently
Market View: Market Direction: Overall bullish. Following Powell's dovish remarks last night, the market received signals of a potential interest rate cut next month, leading to a sharp rise in the market and Ethereum. Currently, the market has entered a brief period of consolidation, while Ethereum has finally reached a historical high after several years. Market sentiment has also become active and positive. Therefore, in this period of correction, it is advisable to enter the spot market gradually on dips.
I personally believe that Ethereum has been quite volatile during this period, and I suggest paying more attention to Ethereum-related tokens. Since Ethereum has seen a significant increase, Ethereum-related tokens are likely to rise as well. We just need to keep an eye on whether the market continues to trend on the weekend. Typically, on weekends, the Ethereum market tends to be in a sideways consolidation. We will have to wait until next week for a clearer trend change, so for now, contracts can be focused on short-term trading.
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Data Analysis:
Last night, the shorts have almost been liquidated, and from the current liquidation map, the market and Ethereum are dominated by the bulls.
The current price of Bitcoin is 116,600 USD. If it rises to 118,600 USD, it is expected to liquidate approximately 950 million USD in short positions. If it falls to 114,600 USD, it is expected to liquidate about 1.1 billion USD in long positions.
The current price of Ethereum is $4826. If it rises to $4926, it is expected that approximately $620 million in shorts will be liquidated. If it falls to $4726, it is expected that approximately $1.04 billion in longs will be liquidated.
ETF Fund Flow (Yesterday)
BTC Spot ETF: Inflow of $19.1 million
ETH Spot ETF: Inflows of $105 million
SOL Spot ETF: No inflow or outflow currently
Market View:
Market Direction: Overall bullish. Following Powell's dovish remarks last night, the market received signals of a potential interest rate cut next month, leading to a sharp rise in the market and Ethereum. Currently, the market has entered a brief period of consolidation, while Ethereum has finally reached a historical high after several years. Market sentiment has also become active and positive. Therefore, in this period of correction, it is advisable to enter the spot market gradually on dips.
I personally believe that Ethereum has been quite volatile during this period, and I suggest paying more attention to Ethereum-related tokens. Since Ethereum has seen a significant increase, Ethereum-related tokens are likely to rise as well. We just need to keep an eye on whether the market continues to trend on the weekend. Typically, on weekends, the Ethereum market tends to be in a sideways consolidation. We will have to wait until next week for a clearer trend change, so for now, contracts can be focused on short-term trading.
Subscription benefits are here!
Open subscription = Early ambush + Layout together!
Exclusive push for ETH & SOL contract strategies to help you seize market opportunities.
Action speaks louder than words, brothers, let's charge together!