Yesterday, early morning on the fifth day of the Lunar New Year, I went hiking. The crowds were huge.

This year, it seems like more people are praying for blessings than in previous years.
My legs still hurt from it.
Although I go every year, it feels more exhausting each year,
mainly because my physical stamina is clearly not keeping up.
Everyone is saying that the entire Web3 market is experiencing liquidity exhaustion,
but the contract market seems to have never had this problem.
In contracts, it’s like there are always unlimited bullets.
In the past 24 hours, the entire network has experienced liquidations of over 87 million USD,
with the main players still being Bitcoin and Ethereum.
And at this point, it looks more like a liquidation game zone:
BTC breaking through 70,000 USD, liquidation strength about 790 million
BTC dropping below 66,000 USD, liquidation strength about 780 million
ETH breaking through 2,100 USD, liquidation strength about 650 million
ETH dropping below 1,900 USD, liquidation strength about 500 million
So the issue is no longer about whether it’s going up or down,
but about which side gets harvested first.
What do you think the market will do next?
My personal opinion is very simple:
The whales won’t let any opportunity slip by.
They’re going all in.