Data Analysis:

According to the current liquidation map, the market reached a new high last night, and shorts were once again liquidated. The market is dominated by bulls, and the bulls have accumulated a lot. Based on the current Bitcoin price around $115,900, if the market fluctuates up and down by $2,000 and rises again to around $118,000, it is expected that the cumulative amount of liquidated shorts will be about $500 million. Conversely, if the market drops to around $114,000, it is expected that the cumulative amount of liquidated longs will be about $1.255 billion.
The Bitcoin spot ETF saw an inflow of $388 million yesterday, while the Ethereum spot ETF had an inflow of $42.8 million yesterday.

Market View:
Market Direction: Short-term bullish after fluctuations. With the market rising continuously to new highs since last night, many short positions have been liquidated, and there are not many short positions left. From the current market trend, it looks like it is heading towards 120,000, thus the short-term outlook remains bullish despite fluctuations. Ethereum and other altcoins have also seen a wave of increases, particularly Ethereum, which has returned to $3000 after several months.

I personally think that the recent surge in the market has been very rapid and somewhat urgent, with significant fluctuations. This is mainly due to the positive news regarding the Federal Reserve's upcoming interest rate cuts, which has pushed the market higher in advance. But after such a rise, will there be a substantial pullback? In the face of this kind of market, I suggest focusing on short-term trading and strictly implementing stop-loss measures, while being mindful of the risks.

Warm reminder:
Keep a light position with low leverage. This contract strategy is suitable for short-term traders. Please remember to take profits in a timely manner and set stop-losses based on your personal position. Don't be greedy, secure your gains, and it's better to take a small loss than to hold on! If the market direction is correct, you can choose to continue holding.