I was caught off guard with a cold sweat—could Bitcoin be going crazy? Will it keep rising? Let’s quickly check.

1. As shown in the chart, the Bitcoin whale is beginning to bloodbath the short positions. In just one afternoon, the bears were completely blown out, losing a total of 1.4 billion USD. There are still 74,500-level short positions that haven't been liquidated yet, but most shorts have already been wiped out. Will Bitcoin continue to rise?

2. Actually, looking at the short data on the right, there are very few liquidation lines above 75,000, almost none near 77,000. Conversely, the long leverage positions on the left are increasing, mainly concentrated at three key liquidation support levels: 71,000, 70,000, and 69,000. These levels provide strong support, and most longs have set their stop losses there.

3. Therefore, I do not deny the possibility of Bitcoin continuing to rise, for example, to the next resistance at 78,000. But rationally speaking, the probability of a pullback is higher. Because the futures market is a zero-sum game—when someone loses money, someone else gains. Maximizing retail losses and liquidations benefits the whales the most, so the whales are actually more motivated to push prices down for liquidation purposes.

4. Regarding trading actions, as shown in the chart, I previously advised everyone to take partial profits on shorts at 70,500, and then short again after a rebound. Now, at 74,400, we are back again. This afternoon, I carefully shorted one contract with 2x leverage at 74,400 and planned to add at 78,000, entering in batches. Even if temporarily underwater, I believe the price will ultimately come down.

5. Actually, even if it reaches 78,000, we are still profitable because we previously shorted twice at 74,000 and took profits at 70,000. With profits secured, I am not worried. If we short again at 74,000, that would be three shorts in this range—such profits are enormous! I initially thought one short would suffice, but it turned out we shorted three times. Though it was stressful, the profits are real and solid.

6. I believe the most correct decision we made was to take partial profits at the key support levels of 67,000 and 70,500 during the first two shorts at 74,000, with the remaining shorts averaging around 72,000 and 74,000. Now it has just rallied back, which is frustrating to see, but the profits are already secured. Now we’re just waiting to see if it can come down normally after Wednesday’s interest rate meeting. If so, we will make a lot of money. I am very much looking forward to it!

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