Analysis: After Bitcoin breaks through $110000, the market shows signs of fatigue, and the next bear market target may be $69000

Heavy volume trading creates a double-bottom pattern while institutional interest remains strong despite correction.

Odaily Planet Daily News: Coindesk analyst Aoyon Ashraf said that Bitcoin hit a historic high this week, mainly led by institutions, and retail investors were almost "absent" from this upward trend. A quick search on Google Trends using "Bitcoin" as a keyword reveals that the search frenzy of the 2021 bull market is now completely absent. Although there was a brief wave of retail enthusiasm during the US presidential election, a rapid Meme coin craze briefly ignited market sentiment. But that wave of heat has long since dissipated. Despite Bitcoin breaking through $111000 this week to reach a historic high, the price of Meme coin has rapidly declined, leading to a cooling of retail enthusiasm. Despite Bitcoin reaching a historic high, traders remain cautious, as evidenced by lower funding rates and increased short positions. The current market sentiment shows a trend towards more sustainable trading behavior, which may pave the way for long-term returns. （CoinDesk）

Odaily Planet Daily News: According to official announcements, Binance will adjust the leverage and margin levels of USD Ⓢ - M perpetual contracts such as STGUSDT and VINEUSDT at 06:30 UTC on May 30, 2025. Specific adjustments include leverage ratios at all levels, position limits, and maintaining margin ratios. Existing positions will be affected. It is recommended that the user adjust the strategy in advance. (This news is generated with AI assistance)

The current price of ETH is $2489.84, with a drop of 2.67% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 12.32 million US dollars, with multiple orders being the main liquidation and ETH liquidation of 1.52 million US dollars (12.36%). The data is for reference only.

According to @ ai_9684xtpa monitoring, James Wynn's Bitcoin short position has now increased to $938 million, only $3720.9 away from liquidation: -Empty position: 8750.51569 BTC, approximately 938 million US dollars -Opening price: 107069.1 USD -Liquidation price: $110790 -Current floating loss: 1.49 million US dollars