Data Analysis:

The current liquidation map shows that the overall market is bullish. Based on the current Bitcoin price around $103,800, if the price rises to $105,800, the estimated total liquidatable short positions would be about $980 million. Conversely, if it drops to $101,800, the estimated total liquidatable long positions would be about $1.38 billion.

Market View:
As the market has risen slightly, we can see that Ethereum has increased more significantly, indicating that Ethereum continues to strengthen. I personally believe that the overall trend of the market still looks bullish. In the short term, the market is likely to maintain this sideways consolidation with a slight upward bias, and Ethereum is relatively likely to return to the $3000 level. At the same time, most altcoins are also following Ethereum to continue rebounding, which means that for now, most altcoins have not yet ended their upward trend.

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