From the perspective of market liquidation, Bitcoin has pulled back to around $119,000, and Ethereum has dropped to about $3,900. This price level seems to offer more investment value compared to further declines. In the short term, if Bitcoin falls to $102,000, it could lead to approximately $2.3 billion in long positions being liquidated. Conversely, if Bitcoin rises to $125,000, it could trigger up to $4 billion in short positions being liquidated. Currently, the pullback of Bitcoin around $113,000 and Ethereum around $3,500 has already been quite significant. To further trigger large-scale short liquidations, Bitcoin may need to fall below $110,000, while Ethereum would need to drop below $3,200. However, given the current market conditions, this likelihood seems low. This adjustment provides investors with an opportunity to reassess the market while also showcasing the high volatility characteristics of the crypto assets market. Investors should closely follow market trends and weigh risks against potential returns.