Data Analysis:

Based on the current clearing map, the price of Bitcoin is $84,600, with fluctuations of $2,000. When Bitcoin drops to around $82,600, it is expected that the accumulated long position amount will be approximately $1.05 billion. Conversely, if it rises to $86,600, the accumulated short position amount is expected to be around $1.04 billion.

Market View:
I still remember that not long ago, many AI and MEME such as ACT had a flash crash due to liquidity problems, and then not long after, in the early hours of last night, OM suddenly crashed and plummeted, resulting in the liquidation of many OM contract long users, and the assets of OM spot users shrank seriously in an instant, and the preliminary understanding is that the cross-trading platform is liquidated, after all, it is the market users who pay the bill, and the project party is innocent. The market's panic about copycats has increased, and it has fallen to 14 on the copycat index, which is enough to show that the general altcoins have been at a point where there is no way to fall, and it has once again exposed the lack of overall liquidity of most altcoins.

I personally believe that the essence of this phenomenon lies in the fact that with the launch of many new coins, the funds within the platform itself are insufficient and are being diverted again. It will depend on how the platform and the project parties communicate and negotiate in the future to prevent similar incidents from occurring again.

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