Through the data analysis of the Bitcoin Seattle heat map, it can be observed that the price is showing a rising trend. It is worth noting that there are a large number of large and extra-large short orders in the price range of 106,200 to 112,400, and these traders are waiting for a pullback in price. Similarly, a considerable number of large short position holdings have also gathered in the range of 104,000 to 100,400, indicating that there are multiple expected price drop points in the market. This distribution pattern of short orders suggests that, despite the current price increase, market participants remain cautious about a potential pullback in the short term. If Bitcoin can break through these densely packed short order areas, it may trigger a wave of short position closures, further driving up the price.
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Through the data analysis of the Bitcoin Seattle heat map, it can be observed that the price is showing a rising trend. It is worth noting that there are a large number of large and extra-large short orders in the price range of 106,200 to 112,400, and these traders are waiting for a pullback in price. Similarly, a considerable number of large short position holdings have also gathered in the range of 104,000 to 100,400, indicating that there are multiple expected price drop points in the market. This distribution pattern of short orders suggests that, despite the current price increase, market participants remain cautious about a potential pullback in the short term. If Bitcoin can break through these densely packed short order areas, it may trigger a wave of short position closures, further driving up the price.