Data Analysis:

From the liquidation map, it can be observed that the long-short ratio is imbalanced. Currently, the concentration of long liquidations is mainly distributed in the range of 82000-83100. If the price of Bitcoin falls below 82000 USD, it is expected that the cumulative amount of long liquidations could reach approximately 795 million USD. Conversely, the first concentration of short liquidations is distributed in the range of 84200-85800, with an estimated cumulative amount of short liquidations of about 1.16 billion USD.
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Market View:
Last night, as the U.S. and the EU failed to reach an agreement on tariffs, the market experienced a slight pullback. From the current market trend, it is temporarily still at the lower edge of the daily level box range. However, the overall trend is not very stable. Currently, the market has not broken below 83000, so we should first pay attention to whether 83000 can gradually stabilize. If it can stabilize, it will continue to fluctuate; conversely, if it breaks below, it will only accelerate the decline and continue to liquidate the long positions. Therefore, one can slightly pursue a short position, but be mindful of the risks.