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Data Analysis:
From the liquidation map, it can be seen that the market is primarily long. Bitcoin is currently around $93,100. If it rises to $95,100, the estimated total liquidation amount for shorts is about $960 million. If it drops to $91,100, the estimated total liquidation amount for longs is about $1.49 billion.
Market Commentary:
Due to the positive news regarding Trump's personal views on Federal Reserve Chairman Powell and his shift in attitude towards tariffs on China, the market surged to around $94,000, causing many short sellers to be liquidated. This led to a direct entry into a state of greed on the greed index, indicating that the market is very optimistic and has a positive sentiment.
I personally believe that the overall trend of the market will continue to rise. However, we need to consider a question: with the current accumulation of too many and dense long positions on the liquidation map, will the market makers pull back to liquidate a wave of long positions before continuing to rise? I think this situation is quite likely to occur. To avoid liquidation, it is recommended to include stop-losses when trading contracts.
Currently, Ethereum is rising along with the market, showing slightly better overall performance, which has also stimulated other altcoins to rise in waves. It is important to note that Ethereum has already exited the price downtrend channel. Moving forward, we still need to pay more attention to whether Ethereum is truly making a strong comeback or if it's just temporarily showing a bit of strength.
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