Data Analysis:

Last night, Bitcoin long positions were liquidated again, and from the current liquidation map, Bitcoin and Ethereum are dominated by short positions.

The current price of Bitcoin is 109,700 USD. If it rises to 111,700 USD, it is expected to liquidate short positions of about 970 million USD. If it falls to 107,700 USD, it is expected to liquidate long positions of about 774 million USD.

The current price of Ethereum is $4404. If it rises to $4504, approximately $1.236 billion in short positions is expected to be liquidated. If it drops to $4304, approximately $445 million in long positions is expected to be liquidated.

Greed & Fear Index:
Neutral (47)

ETF Fund Flows (Yesterday)
BTC Spot ETF: Inflows of $148 million
ETH Spot ETF: Inflows of $103 million
SOL Spot ETF: Outflow of $1.5 million

Market View:
Market Direction: Bearish. From the current market trend, it can be seen that the overall rebound of the Ethereum market is limited, and the current trend has not yet reached the bottom, so there is still room for further decline. As for most altcoins, there is even less to say, as they generally follow the decline of the Ethereum market. Currently, the overall market is in a wait-and-see state.

I personally believe that as the end of the month approaches, there will be significant fluctuations, and further liquidation of short positions cannot be ruled out in preparation for next month's rally. The contracts are still primarily focused on short-term trading, with strict stop-loss measures in place.