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Data Analysis:
According to the current liquidation map, the market is currently dominated by bulls. Based on the current Bitcoin price around $107,200, if the market fluctuates up or down by $2,000 and rises again to around $109,200, it is expected that the total amount of liquidated shorts could reach approximately $1.55 billion. Conversely, if the market drops to around $105,200, the total amount of liquidated longs is expected to be about $2 billion.
Bitcoin ETF spot saw an inflow of 83.1 million USD yesterday, while Ethereum ETF spot saw an inflow of 5.2 million USD yesterday.
Market Opinion:
Market Direction: In the short term, the market will continue to oscillate sideways. From the current market trend, the daily level of the market is mainly in an upward oscillation, while Ethereum is obviously in a narrow oscillation at the daily level, which has led most altcoins to also oscillate within a narrow range, showing slightly stronger performance than the market. However, altcoins have not really kept up with the market pace. This situation is more a result of the market being influenced by the U.S. stock market, leading to a passive increase. As for why Ethereum and most altcoins haven't kept up, I personally believe it is mainly because the funds are primarily flowing into the main market and the market is in a wait-and-see attitude. Therefore, we need to pay more attention to when the main market will undergo a significant change.
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