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Data Analysis:
According to the current liquidation map, after a wave of short positions were liquidated last night, the market is currently dominated by bullish forces. Based on the current Bitcoin price around $105,300, if the market fluctuates up or down by $2,000 and rises to around $107,300, it is estimated that the cumulative amount of short positions that could be liquidated would be approximately $490 million. Conversely, if the market falls to around $103,300, it is estimated that the cumulative amount of long positions that could be liquidated would be approximately $1.06 billion.
Bitcoin ETF spot saw an inflow of 27.3 million USD yesterday, while Ethereum ETF spot had an inflow of 14.4 million USD yesterday.
Market View:
Market Direction: Short-term bullish outlook continues. I'm sure the first thing everyone does upon arriving is to check the market trends. Seeing the market suddenly rise, many people are surprised, and just a glance at the news makes it clear that the Federal Reserve released news late last night that there might be an interest rate cut in July. More importantly, Trump was the first to announce that Israel and Hamas have suddenly agreed to a ceasefire, and Iranian officials have also confirmed this news. The market didn't even have time to react, and many shorts have already been liquidated.
I personally believe that the market will continue to rise in the next wave, so in terms of contract strategy, I will buy on dips. As for why there was a sudden ceasefire, there are many factors involved, so I won't elaborate on that here.
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