Current market sentiment and the prospects of the alt season:

Today, the market sentiment has reached a critical point, and everyone is looking forward to the arrival of the "alt season". Some people are discussing whether the dog dealer will use this wave of market conditions to make a sharp correction, thereby hitting the long users in the market.

Although I always hold a long position, seeing so many long users in the market, it seems that it is more difficult to pull up funds.

At present, the BTC holdings of the exchange have exceeded the high point in July.

At the same time, the liquidation position of the upper shorts is concentrated above US$64,900, and the proportion of leveraged users is also significantly higher than that of spot users.

Such a market pattern makes people feel uneasy. Does it mean that potential risks are accumulating?

In any case, facing the upcoming "alt season", we need to act cautiously and be ready to respond to market changes at any time.