Data Analysis:

According to the current market liquidation map, the overall market is dominated by bears. Based on the current Bitcoin price near $118,800, if the market fluctuates up and down by $2,000 and rises again to around $120,800, it is expected that the cumulative amount of liquidated shorts will be about $700 million. Conversely, if the market drops to around $116,800, it is expected that the cumulative amount of liquidated longs will be about $1.238 billion.

According to the current Ethereum liquidation map, the overall short positions currently dominate the market. Based on Ethereum being around $4260, if it fluctuates up or down by $100 and rises again to around $4360, it is expected that about $800 million of short positions could be liquidated. Conversely, if Ethereum drops to $4160, it is expected that about $680 million of long positions could be liquidated.

The Bitcoin and Ethereum spot ETFs saw a net inflow of $39.9 million and a total inflow of $379 million yesterday.

Market View:
Market Direction: Consolidation. Currently, the market has entered a phase of sideways consolidation in the short term, and Ethereum is similar, but the fluctuations in Ethereum's consolidation are still relatively large. As for altcoins, they have already experienced a pullback, indicating that altcoins are relatively weak overall. The U.S. CPI data will be released tonight at 8:30 PM, so I personally believe that the market and Ethereum will undergo a change after the CPI data is released. Therefore, in the short term, it is suggested to focus on short-term trading while keeping an eye on news developments.

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