Matrixport released a daily analysis stating that the recent increase in the amount of Bitcoin short liquidations is approaching the high point in early November 2024. At that time, many traders attempted to short during the rebound market, but the price did not fall as expected, instead oscillating at the high point and experiencing a pullback influenced by tariff policies. Specifically, the weekly short liquidation amount in early November 2024 once climbed to $1.1 billion, and in the past week it has already reached $900 million, indicating that short risks are re-accumulating. Although July has always been a strong month for Bitcoin, and the "Crypto Policy Week" is about to begin, there are still a large number of short positions in the market that deserve attention. If Bitcoin breaks through $122,000, not only is it expected to break the previous resistance level of $106,000, but it may also continue the upward pace of every $16,000 level, unleashing more upside potential.