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The CME gap for BTC has been filled, and a significant amount of long positions in futures have been liquidated.
The short positions are heavily accumulated at the level of 116.6k above, and coupled with the low-volume market during the weekend, the price may fluctuate around this level for a period of time.
If the market continues to go down, it will reach at least the 112k position, and by then altcoins will probably flow with blood.
If a rebound occurs, the range of 116.6k-117.2k above will be a good short position.