Significant liquidation pressure on short positions, concentrated near $110,800, where there is strong liquidation intensity.
The CLARITY Act amendment, which sought to prohibit Donald Trump from profiting from crypto assets, was rejected.
The focus will be on support at $109,000 and $106,000. The current market bull/bear sentiment score is 80 (Bullish).
Strong liquidation pressure on long positions, with concentration near $104,000 and significant liquidation pressure around this level.
Moving forward, focus on macroeconomic data and whether BTC can return above $105,000. If it can, a cautious bullish outlook remains.
The funding rate is a recurring cost, or income, that traders either pay or receive, depending on market conditions.
The slight increase in market share indicates that the market is temporarily avoiding high-risk assets and returning to BTC for risk aversion, placing it in a defensive structure.
Key news to monitor is the US Federal Reserve's meeting results in mid-June.
However, Bitcoin spot ETFs have experienced net outflows for three consecutive days.
BTC price dropped below $107,000, reaching a low of $106,800, and then rebounded to a high of $108,133. It is currently fluctuating below $108,000.
This movement could be similar to the previous range around 103,000, where one scenario could be consolidation and oscillation near 109,000, leading to the majority of positions being concentrated between 108,000 and 109,000.
Most major accounts continue to hold existing positions, but the return on equity (ROE) is worsening, indicating the market has not yet bottomed out.
BTC is currently fluctuating below $112,000, with a slight drop in market share to 63.61%. Market sentiment is high, with ETH breaking above $2,700. The next key point to watch is ETH's price movement.
Market share is still fluctuating around 64%, with market sentiment leaning bullish, but caution is needed for potential short-term correction risks.
With ETF inflows of $667 million in a single day, BTC has re-entered the range of 106,000-109,000.
