In the past 24 hours of liquidation data, approximately 380 million to 500 million was liquidated across the network, with short positions taking the majority — just $BTC shorts were cleared for 118 million, and $ETH here was also cleared for about 169 million.
For BTC, the brightest area on the heatmap is concentrated in the range of 75,000 to 76,000. When BTC touched 76,000, it directly cleared all the short positions in this range because many people set their stop losses in this area, resulting in a wave that swept them away. Now looking at the heatmap, the "corpses" of shorts around 76,000 have almost been cleared, but further up to 78,000, there is a new layer of short defense. Looking down, the area around 72,000 is actually the stop-loss area for longs; if the price drops down, this may trigger a chain reaction.
For ETH, the most concentrated area on the heatmap is around 2,300 to 2,350. This wave of ETH's rise is actually weaker than BTC’s, but from the liquidation data, the scale of ETH's short liquidations in the past 24 hours is about the same as BTC's, and at one point, it even exceeded BTC’s. This indicates that some people are betting that ETH won't rise and are heavily shorting, resulting in them being swept out by the rebound.
Currently, there are quite a few short positions piled up in the range of 2,400 to 2,450 above ETH. If the price can rise to that level, there may be another wave of short squeezing. Support is around 2,250; if it breaks through here, the long stop-loss orders will also come out.
Although there have been many short positions liquidated in the past couple of days, the funding rate has not become particularly exaggerated, indicating that market sentiment has not reached the level of fully crazy chasing highs. Additionally, Bitcoin spot ETFs have been continuously flowing in these days, with over 200 million dollars coming in again yesterday, indicating that institutions have not fled during this wave of increase but are instead accumulating during the pullback.
The short-term rise feels a bit "fake"; it is driven by blasting shorts rather than solid buying. If the price pushes up again, for example, BTC to 77,000-78,000 and ETH above 2,400, it will encounter new short ambush areas above. If the volume does not keep up, it can easily rise and then fall back.
In terms of operations, chasing longs now does not have a high cost-performance ratio and is easy to get caught; however, directly shorting is also not advisable because shorts have just been swept through once and need time to cool off. The best strategy is to wait — wait for the price to push up again but with declining volume, or wait for it to drop down and stabilize near the support level with low volume, and then look for signals to act.
Currently, BTC has started to face pressure after touching 76k, and ETH has followed suit, but the strength is noticeably weaker. However, it has continuously broken through several minor high points, reaching a maximum of about 2380. But upon closer inspection at the 4-hour level, there is a clear hidden danger: although the price is making new highs, the trading volume has significantly weakened compared to the previous days.
Because the short-term trend is still strong, we shouldn't rush into shorting; it's best to wait and observe until the pattern completes.
There are two possible scenarios moving forward: one is that the price pushes up to the 2350-2370 range again, then makes an M-top or forms a triangle before coming down.
The other possibility is that the price needs to break to a new high first, for instance, pushing above 2400, then pulling back a bit before rallying again, ultimately making a final struggle around 2430-2450 before starting a real decline. Therefore, we need to focus on the first resistance area of 2350-2370 in the short term and watch if this rebound has volume. If it rises without volume, that would be a false signal, but if it breaks with volume, we may have to move towards the second scenario.
Regardless of the scenario, wait for the topping signal (decreased volume, divergence) to enter a short position; don't rush, wait for the pattern to confirm.
In a nutshell: wait for the next high point, don't bet on a breakout, only trade on confirmation.
Follow up on the current trend analysis of $BTC : This wave of rise has entered a critical game zone.
BTC has reached a key resistance zone, with a divergence in volume and price structure. The price peaked at 76,000, exactly falling within the reversal trend line resistance zone of 75,000-78,000 that we have repeatedly emphasized before. From the perspective of the wave theory structure, a daily level ascending segment has formed here, showing the embryonic form of a top divergence.
Eight consecutive daily gains + reduced volume surge, the probability of a short-term peak and retreat is still quite high!
Currently, the smaller time frame is in a pullback, but still within the ascending channel, and the technical rebound demand remains. It is expected to retrace around 73,500 (0.382 Fibonacci support level + channel lower boundary).
The daily chart shows eight consecutive gains, and although the MACD fast and slow lines are opening upwards, the bullish momentum has begun to shorten. This is a typical case of "price making new highs, but momentum has not followed."
If today’s daily candle closes bearish, the subsequent downward adjustment may occur in the range of 70,000-72,000.
The current thinking is: do not chase highs for now, wait for a confirmation of the next high point before looking for short opportunities.
Left-side layout: If the price rebounds to the range of 75,000-75,500, and a 1-hour level top divergence or reduced volume stagnation occurs, consider trying a small position short, with a stop loss set above 76,500.
Right-side confirmation: If the price breaks through 76,000 with volume and stabilizes, the aforementioned bearish view becomes invalid, and a re-analysis is required.
Currently, the market's divergence on the range of 76,000-80,000 is increasing. Once negative news appears, it may become the last straw that breaks the camel's back.
Later, the analyst will update the latest strategy based on market trends!
According to the liquidation heat map of $BTC , the liquidation intensity is the highest near 75000. When BTC approaches around 76000, it cleans up the shorts. This is mainly because the pressure at this position is too obvious, and most people set their stop-loss lines at 75000-76000, resulting in a precise "blowup".
Now the price has reached the heavy pressure zone of the long-term trend line at 75000-78000, and it feels like it can't push up easily; the short-term space is limited. Next, it mainly depends on whether the price can stabilize in this area.
This rebound is actually testing the support strength at the position of the previous bull market, roughly in the range of 81000 to 86000. In plain terms, every rebound in a bear market is just a touch on the key area.
Although this time it is the strongest rebound in this round of the bear market, it may not necessarily be the real bottom. After this rebound is over, it is highly likely that we will continue into the second half of the bear market.
$BTC $ETH The past few days have been quite tough, I attempted to short but failed. Although I inserted a needle at night, it was quickly retracted, and there was a surge to a new high. The market changes too quickly now! I still need to pay attention to risks and cannot be too aggressive!
Although the price has not stabilized completely yet, it is indeed still being pressed by the upper line of the wedge. Whether it can break through still needs to be observed. For now, I do not plan to short again, I will wait and see, and discuss when the market is clearer.
Take a look at the changes in long and short positions on Binance; it's quite interesting.
First, let me explain the situation: the average opening price for the bulls has risen, and the average opening price for the bears has also gone up. But the key point is that the magnitude is different — the bears have increased by more than 3000, while the bulls have only increased by less than 1500. This means that the entry point for the bears is significantly higher than before. At the same time, the total open positions on both sides have increased a bit.
What does this combination indicate? Let's break it down simply:
A part of the bulls who entered at lower levels have already taken profits and exited;
Another part of the people has started to chase higher prices to enter;
On the bear side, either new entrants are coming in, or existing positions are being increased, and the entry points are not low. Now there's a bit of a contradiction. From the candlestick patterns, this type of trend actually has the opportunity to continue to push higher. However, from the data, the bears are not only not running away, but are also entering at high levels, and the open positions are increasing, which indicates that the bears' resistance is quite strong.
Unlike the previous few days — before, the patterns were steadily pushing up, and the bears' opening prices were getting lower, clearly indicating they were scared of being liquidated. But today's data looks more like both sides are increasing their stakes, neither side willing to back down.
Therefore, today's conclusion is: the patterns and data are in conflict, it looks like there could be another surge, but the bears are not backing down; instead, they are increasing their positions. At such times, be cautious when chasing higher prices.
Some people are guessing: when the gold price drops significantly, will Bitcoin rise instead?
Looking back at 1979, and then at now in 2026, history seems to be repeating itself. In 1979, the situation in Iran was tense, oil prices doubled, the economy faced problems, and finally, gold prices crashed.
Now in 2026, the situation in Iran is heating up again, oil prices are rising, and inflation pressure is back— and right now, we are at this critical juncture.
In simple terms: the historical script hasn’t changed, only this time the main character may shift from gold to Bitcoin.
Today, Ethereum finally welcomed a decent rebound, rising nearly 8% in a single day,
Behind this rebound, it is clear that funds have been quietly entering the market. Several overseas whales have been increasing their ETH holdings significantly in the past few days.
The most prominent is Erik Voorhees, the founder of ShapeShift, who bought a total of 21,293 ETH in the past 6 days at an average price of 2091 USD, with a total investment of about 44.52 million USD. Another early Ethereum builder, billΞ.eth, added 7769 ETH in just the last 3 hours.
Not only familiar faces, but some new addresses are also quietly accumulating. For example, today at noon, a newly created address withdrew 20,000 ETH from Coinbase, valued at approximately 44.83 million USD.
Another whale, "0x743d", has also been active, using 3.79 million USDT to buy 1827 ETH just on the 14th. Over the past 6 days, he has spent a total of 24.79 million USD, buying 11,985 ETH at an average price of 2068 USD.
There is also an interesting move: the address "0x083" sold 50 BTC (worth 3.52 million USD) yesterday and then bought 1693 ETH. Now he holds 5698 ETH, valued at 11.92 million USD.
In short, this rebound is not without reason—whether old whales or new addresses, all are demonstrating their intentions with real money.
Today's small-scale display of ETH shows that the market first went through a wave of fluctuations, forming a bullish triangle flag pattern, and then shot up directly, which is a typical combination of 'fluctuation wash + accelerated rise'. But the question arises—was this a real breakout or a false high?
This wave of increase has basically cleared the short-term selling pressure above. The price has also hit the upper resistance line of the rising channel—around the range of 2260-2290, it touched it and then was pushed down, indicating that there are indeed sellers here.
The previous two times also accelerated to rise at this upper channel position, but both couldn't break through and were pushed back directly. Therefore, probabilistically speaking, the resistance at this position is quite real; we cannot assume that just because it surged today, we can get in without caution.
Currently, the 4-hour K-line is closing. If it finally forms a high pullback pattern, it will signal a short-term peak, meaning this acceleration might be coming to a halt.
Of course, if it directly increases volume and stabilizes above 2290 later, that would be an effective breakout of the channel, indicating that the upper space opens up, and all previous resistance logic would need to be reanalyzed.
Upper pressure range: 2350-2300 Lower support range: 2160-2100
Entry reference: 2260-2280 range (considering short positions after confirming with a 4-hour closing candle)
Is ETH really strong today or just a trap? We still need to watch the confrontation at the upper channel. If it can hold here and form a peak signal, then a pullback can be expected; if it breaks through and stabilizes directly, then don’t go against the trend. At the moment, the cost-effectiveness of chasing highs at this position is not high; waiting for the pattern to confirm before taking action is more prudent.