Recently, short sellers have suffered significant losses. Even if Bitcoin temporarily breaks through $100,000, it would only trigger about $1.8 billion in short liquidations; conversely, if it falls to $85,000, the liquidation amount for long positions will exceed $3.5 billion. However, the likelihood of such a deep correction is low, unless there is a major negative event, such as unexpected news from Trump. The probability of Bitcoin falling below $90,000 in the short term is small.