It's gone crazy, increasing 26.66 million times in 14 years, do you dare to say 80K is the peak?

Setting new highs, it's gone up again, gone crazy, are we all lost in this bull market? According to verifiable historical data, Bitcoin has risen from $0.003 in May 2010 to now over $80,000, an increase of at least 26.66 million times! What a terrifying figure, what a scary ability to double! Without going too far, if you had bought in early 2024 when the price was around $40,000, it has already doubled by now. So looking back now, do you think $80,000 is the peak?

In this market, I can only keep emphasizing to everyone that you really shouldn’t go short easily! In the past 24 hours, the total liquidation amount has reached $680 million, with $370 million in short positions and $310 million in long positions. It seems that the difference isn't particularly large; this indicates that everyone has already lost their rationality. The bulls are blindly chasing without hesitation, while the bears have a firm belief that at any moment, they will start a waterfall sell-off. So the market dipped in the early morning, liquidating some long positions. The bears thought hope had arrived and added to their short positions, fully short. Then in the morning, the price quickly surged to a new high, and the bears were left with nothing... Are the bulls now starting to itch to chase longs?

Currently, the long-short ratio doesn’t seem too different, indicating that the bears' conviction is strong! If we look at the liquidation chart, even if it rises to $90,000, there aren’t many bears that can be liquidated above. However, if it drops to $70,000, then $3.871 billion in long positions will be liquidated, which is terrifying! It is inevitable that the market makers will stir things up; how they will do it is unclear. However, when going long, you must take profits in batches and not chase directly! Strictly manage your stop losses; for those going short, it’s even more critical to have strict stop losses. When a new high is reached, cut losses, and then reassess. If it retraces, chase it; if it rises again, cut losses... Guessing the peak is bound to be a repeatedly failed endeavor, so you must be strong enough mentally and have enough ammunition!

The midnight price of over $78,800 was given to everyone, looking up to the target of $81,800, already giving everyone over 3,000 points in long profits. Has everyone benefited from that? What positions do you have now? Let’s discuss, reduce where needed, supplement where necessary, cut losses where required, see you in the comments section! #BTC突破8W1大关 $BTC