This year, BTC has soared from 42,000 on the 1st to a peak of 90,000, an increase of 115%, which is a bull market. During this period, CME also had many gaps, but there are only 7 gaps that have not been filled. Among them, the more obvious gaps are the following two:

The most recent gap occurred on November 11, and the gap position was around 78000-80500, which was an obvious gap.

This gap occurred on September 9, with the price around 54,000-54,300, which is also a relatively obvious gap.
There are a few other small gaps, which are not very meaningful because they can only be seen in the 15-minute chart. They are 59950 on October 11, 62915 on October 14, 65745 on October 24 and 67680 on November 5.

Let me briefly introduce what Layer 2 is:
Bitcoin's Layer 2 refers to a technology or protocol that operates on top of the Bitcoin main chain (Layer 1) and aims to improve the scalability, transaction speed, and cost-effectiveness of the Bitcoin network. Because Bitcoin's Layer 1 has some limitations in transaction processing capacity and speed, Layer 2 solutions alleviate the burden on the Bitcoin network by conducting transactions and computations off the main chain, while preserving the security and decentralization of the Bitcoin blockchain.
So why is CKB considered the ideal Layer 2 for Bitcoin?

Bitcoin has been continuously hitting new historical highs since rebounding around 66800, as mentioned in our last issue. Coupled with the Trump effect, many friends have already seen 80,000 and 90,000. Will the market really continue to surge upwards without looking back? Let's take a look at the liquidation map:

From the liquidation map, the forces of both bulls and bears are quite balanced. Although the bears have been continuously liquidated, there is still considerable short selling power above due to the historical highs.
Currently, the main concentrated liquidation points for short positions are around 77200, 77600, and 77900, with cumulative liquidation intensities of 132 million, 320 million, and 441 million USD, respectively. The concentrated liquidation range for shorts has accumulated up to around 78350, with a cumulative liquidation intensity of 530 million USD.

Bitcoin has currently fallen from its previous high to a low of 67,400, which is an 8.4% drop. However, due to the impending announcement of the U.S. election results, many are betting on Trump winning, so the bullish strength remains strong. Now, where do both bulls and bears need to pay attention to concentrated liquidation points? Let's take a look at the liquidation map:

From the map, the forces of both bulls and bears are still balanced. This recent rise has not broken through the previous high of 74,000, and with the election results being announced soon, many expect the price will likely touch 74,000. This is why, although the price has sharply dropped in a short time, many still opened long positions during this process.

Bitcoin has dropped from around 18:00 to the current price of about 70700, with a decline of 3% within 7 hours. Currently, no rebound trend is observed, and the price may further test lower levels. What point can be considered a bottom? What points should short traders pay attention to? Let's take a look at the concentrated liquidation points on the liquidation map:

From the liquidation map, it can be seen that the accumulated short position strength above during the decline has far exceeded the liquidation strength of long positions below. The current concentrated liquidation points for shorts are 71590.72470 and 73400, with accumulated liquidation strengths of 150 million, 310 million, and 640 million USD respectively. The concentrated liquidation range for shorts has accumulated up to around 74230, with an accumulated liquidation strength of 849 million USD.

Bitcoin has recently surged directly, with the highest point very close to the historical high. Many friends who haven't entered are feeling anxious, fearing they will miss this wave of market. However, there's no need to worry. We can look at the BTC futures to see which points will be filled if there is a pullback, because from the market's inertia, once a CME gap is created, there is over a 95% probability it will be filled.

The first CME gap was created on the 28th, and it can be clearly seen on the 1-hour and 4-hour K-lines. The futures price is approximately around 67800-68000, which translates to a contract price of around 68050 to 68200.

The second gap was created on the 29th, and this gap is relatively small, clearly visible on the 15-minute chart. The futures price is around 70300-70400.

After Bitcoin experienced a spike on Friday, nearly $350 million of long positions were liquidated. Currently, it has slightly risen and closed at 67,700. Will BTC continue to rise or continue to spike up and down? Let's look at the points that both long and short sides need to pay attention to from the liquidation map:

First of all, from the map, we can see that the current bullish force is still greater than the bearish force, which means that although the spike has caused a huge amount of long positions to be liquidated, the enthusiasm for long positions remains unabated. At present, the main point for the concentrated liquidation of short positions is 68240, with a liquidation intensity of 141 million US dollars, while the liquidation range of short positions is around 68920, with a cumulative liquidation intensity of 220 million US dollars.

Bitcoin, as predicted in the last issue, started to rise after liquidating the concentrated long point around 65500, reaching a peak of 68000 and currently oscillating. The price is around 67500, so where are the concentrated liquidation points for longs and shorts now? Will BTC continue to rise sharply? Let's analyze the liquidation map:

First, we can see from the map that the short forces are clearly weaker than the long forces, indicating that the sentiment for buying during this decline is still very high. The liquidation amount for shorts in the last 24 hours is only 84 million, less than three-quarters of the liquidation amount for longs.
Currently, the concentrated liquidation points for shorts above are 68220 and 68660, with liquidation strengths of 120 million and 250 million respectively. The concentration of liquidations above extends to around 69200, which has accumulated a liquidation strength of 347 million.

Bitcoin currently meets the points shown in the liquidation map in my previous article. After clearing the short concentrated point of 69400, it retreated, and then stopped falling at the long concentrated liquidation point of around 66700. The recent situation that Bitcoin cleared the shorts and then cleared the longs further verified that the concentrated points of the liquidation map still have a certain reference value. So, where are the concentrated liquidation points that both long and short parties need to pay attention to next? Let's analyze it from the map:

From the liquidation map, we can see that although BTC has experienced a 4.5% retracement, the strength of both long and short positions is still similar. The main liquidation points of short positions are far away from the current price. The main liquidation points are 68120 and 68770, with liquidation strengths of 174 million and 355 million US dollars respectively. At present, the concentrated liquidation range of short positions is around 69,000, and this range has accumulated 423 million US dollars.

Bitcoin has continued to rise recently, reaching a peak of $69,000 on the 19th. Many friends say that the bull market has begun, and the next target is 89,000. So can the market really continue to rise in a straight line? We can look at the points that BTC longs and shorts need to pay special attention to on the weekend from the liquidation map:

From the liquidation map, we can see that the strength of the short orders is slightly greater than that of the long orders. The main concentration points of short order liquidation are 69280 and 69470, with liquidation strengths of 179 million and 218 million US dollars respectively. The short liquidation range is relatively concentrated all the way to 70180, and this range has accumulated a short liquidation strength of 348 million US dollars.

Bitcoin staged a long-short spike tonight, rising sharply from 65,000 to nearly 68,000 and then falling sharply, fluctuating up and down by nearly 5%. It has now rebounded to more than 66,000. In 4 hours, the long and short positions have reached 168 million. So after the spike, what concentrated liquidation points should we pay attention to? Let's take a look at the liquidation map:

From the liquidation map, we can see that although the market has just fallen rapidly, it has not caused a serious blow to the confidence of the bulls. The strength of long orders is still greater than that of short orders. The market is still bullish. At present, the liquidation points of short orders are mainly 67050, 68000 and 68450, with liquidation strengths of 40 million, 187 million and 300 million US dollars respectively.

What is staking in the cryptocurrency world? Staking is a way for people to lock up their cryptocurrencies or digital assets in order to earn rewards over time. Staking cryptocurrencies is similar to depositing money in a bank. Banks need customer deposits to create loans for other people and businesses. To incentivize customers to deposit money, banks offer interest. Staking works in a similar way.

Staking makes people feel like "making money without doing anything", especially on platforms like ListaDAO, where users can stake their BNB assets, lend lisUSD, and participate in Binance Launchpool to earn new tokens ​FinSMEs. This seemingly perfect path to wealth and freedom actually has both benefits and some hidden risks.

A recent CoinGecko report states that since 2024, U.S. regulators have received more than $19 billion in litigation settlements from cryptocurrency companies. Among them, the bankrupt exchange FTX and its affiliate Alameda paid the highest amount, paying a settlement of $12.7 billion in August. Compared with previous years, the amount of settlements in the cryptocurrency circle this year has increased significantly. A total of 8 settlements were reached in 2024, and the total amount increased by 78% compared to 2023, when the United States received $10.87 billion. Compared with 2022, this year's settlement amount has surged by 8,327%.
These settlement totals include forfeiture, recovery, civil penalties, settlement amounts, and prejudgment interest, but do not include lawsuits against individual executives.Due to the collapse of LUNA and UST in 2022, Terraform Labs reached a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC), making it the second largest settlement this year.

Bitcoin rebounded from the lowest point of 58900 last night to the highest point of 62200, an increase of nearly 6%. So which positions can be used as reference for long positions to enter the market, and which positions should be paid attention to by short positions? Let's look at the key long and short positions from the liquidation map:

Judging from the liquidation map of all exchanges, this wave of rebound has left little short position liquidation strength. The remaining short positions are concentrated at 62370, 62770 and 63350. The liquidation strengths of these three points are 101 million, 378 million and 650 million US dollars respectively. The upper short position liquidation range is around 63570, which is also near the previous high. If there is resistance near this point, it is a point that short positions can refer to.

As expected, Bitcoin broke through the 60,000 integer mark, and the 24-hour long position liquidation volume reached 230 million US dollars. Although the low point continued to decrease, it has been closed above 60,000, indicating that the integer mark is still an important defensive position for bulls. Then let's look at the points that the long and short positions need to pay attention to tonight from the liquidation map:

First of all, from the liquidation map, the points where short positions are concentrated are relatively scattered, indicating that many retail investors also opened a lot of short positions during this wave of decline. The main concentrated points are 60760, 61360 and 61750. The concentration range of short positions above has reached around 62680. The short position liquidation intensity of this line has reached 515 million US dollars.

As we expected, Bitcoin retreated near the trend line, falling from the highest point of 66450 to around 60280, a drop of about 9%. It also filled the upward gap formed by BTC at 60700 on September 19. The current price is around 61000.
So will BTC continue to fall and fill the futures gap of around 54,400 on September 9, or will it start a bull market directly at the current point? Let's look at the points that longs and shorts need to pay attention to from the liquidation map:

From the liquidation map, we can see that the liquidation strength of the upper short orders is about that of the long orders. The concentrated points of short order liquidation are 62040, 62800, and 63550, respectively, with liquidation strengths of 105 million, 426 million, and 761 million US dollars. The concentrated strong calculation range of the upper short orders is relatively concentrated until around 64,000, and this range has a total liquidation strength of 900 million US dollars.

Bitcoin has now broken through its previous high and has risen all the way to its highest point of 66460. However, any bull market cannot have no retracement at all, so let’s look at the points that both short-term BTC bulls and bears need to pay attention to from the liquidation map.

Judging from the liquidation map, the current forces of both long and short positions are balanced. The liquidation points of the upper short positions are around 66390 and 66700, with liquidation intensities of 102 million US dollars and 202 million US dollars respectively. The liquidation area above is concentrated all the way to around 67600, and the liquidation intensity of this line has reached 360 million, and 67600 happens to be near the downward trend line of the daily line.

Bitcoin fell back after reaching its previous high of 65,100 last night, failing to break through the previous high. Many friends are curious whether BTC will break through the previous high in one go and start a new bull market, or continue to retreat and accumulate strength. Let's look at the points that need to be paid attention to by both long and short positions from the liquidation map:

From the liquidation map, short-term bulls are slightly stronger than bears. The bears are mainly concentrated near two points, namely 64170 and 64600. The liquidation strength of these two points is 1.54 US dollars and 318 million US dollars respectively.
The short-term short liquidation above has been concentrated around 65100. The liquidation strength of this line is 411 million US dollars, and 65100 is the previous high of the daily line.

Bitcoin has been fluctuating in a narrow range of 62500-64000 for 3 days. We speculate on the market trend of BTC based on the liquidation map and the unfilled gap of futures.

From the short liquidation map, we can see that the upper short force is slightly higher than the lower long force, and the main short liquidation points are around 63500 and 64050.
The liquidation strength of these two points is 88 million US dollars and 229 million US dollars respectively. If the bulls can pull it to around 64600 in the short term, they can get nearly 300 million US dollars of short liquidity, so short friends must pay close attention to the 64000-64500 line.

The main liquidation points for long positions are relatively concentrated, with the main points being around 61800-62000, and the liquidation intensity of this line is US$173 million.

First of all, let me ask you a question. Do you think that the market is where most people can make money or where only a few people can make money? That’s right, only a few people can make money in the trading market! This also fits with Buffett’s famous investment saying:
"When others are greedy, I am fearful; when others are fearful, I am greedy"

Back to the topic, today we will use the liquidation map to speculate on the main liquidation points of short-term Bitcoin after the interest rate cut:

Within 24 hours after the Federal Reserve announced a rate cut, Bitcoin rose by nearly 8%, and short positions were liquidated for $150 million. The short-term short force suffered a considerable blow, and the upward short concentration point is 63,500-64,100. The short liquidation intensity of this line is 435 million US dollars, but it is far from enough compared to the long liquidation intensity below.