# Today's Market Overview -- Today is truly full of undercurrents...

Took a look around the market and discovered that this string right now has both longs and shorts wound up tight...
Let's look at the data first, then draw conclusions at the end...

Let's talk about OI first today... Across the entire Asian session, OI is showing a steady upward momentum... This indicates that at this price level, both longs and shorts are entering in massive volume...
(Chart 1)

Currently, OI has already reached recent highs...
The leverage on both sides is wound up tight... (Though still some distance from extreme values, see the middle of Chart 1)
But any breakout in either direction already has massive fuel behind it.

After CME opens and on Monday, the volatility is expected to be significant.

Meanwhile, the total delta of the entire Asian contract market is in decline, indicating that proactive short entries outnumber proactive long entries.
This can also be seen from Chart 2 - Binance and Bybit's net long and net short positions.
Proactive short entries on both sides outnumber long entries by roughly 1.5x.
Meanwhile, many shorts were actively chased after that Trump 48-hour message (the 70k->68k segment)
While longs accumulated throughout the entire Asian session.

Since both sides have entered, there will be potential liquidation/stop loss liquidity...

From the estimated liquidations, long liquidations across all three exchanges are heavily concentrated between 67k~68k...
(Near CME open is a danger point, will go into detail when discussing today's plan in the next message)

Of course, the liquidations above are estimates... Now let's look at the apparent liquidations and stops on Hyperliquid...
(( Chart 4)

Since positions on Hyperliquid onchain are public, we indeed see quite a few open liquidations below 68k (right side of Chart 4)
But the stop loss orders are rather unusual - not many hanging around 68k (compared to the one that cleared during today's Asian session)
Meanwhile, both short liquidations and stops are around 70k...

So today's situation is once again a moment of longs and shorts calling each other stupid X's... Let's continue looking at other factors...