Odaily Planet Daily News: Bitfinex Alpha report points out that Bitcoin is at a crossroads, driven by strong spot demand, profit taking by long-term holders, and macroeconomic risk recovery, Bitcoin has ushered in a typical upward trend, falling more than 10% from historical highs. On June 5th, Bitcoin experienced its last decline, with a single day long liquidation amount exceeding $875 million, highlighting the degree of deleveraging. Over the past week, the total liquidation amount of Bitcoin has exceeded $1.9 billion, and the leverage ratio has now been forcibly reset. The technical structure shows that the rise of Bitcoin is supported by real demand, and the spot market is rising in a tiered manner, with key fundraising points located at $93000-96000 and $102000-104000, respectively.
