According to BlockBeats, on May 21, according to Coinglass data, the total holdings of Bitcoin contracts on the entire network have reached 74.557 billion US dollars, setting a record high. This data is slightly higher than the previous two times when Bitcoin reached the top of the stage (71.852 billion US dollars on December 18, 2024, and 69.568 billion US dollars on January 22 this year). It is worth noting that the current funding rates of Bitcoin contract transactions on mainstream CEX and DEX show that the market is relatively neutral, and some platform rates are slightly bearish. Binance (0.0084%), OKX (0.01%) and Bitget (0.01%) have neutral funding rates. Platform rates such as Bybit (-0.0064%) and BingX (-0.0064%) are slightly bearish. According to the data from the Bitcoin trading platform liquidation map, if Bitcoin breaks through $109,028, the cumulative short order liquidation intensity will reach 2.181 billion; if Bitcoin falls to $104,921, the cumulative long order liquidation intensity will also reach 2.206 billion. In the past 24 hours, the entire network has liquidated $250 million, of which long orders have liquidated $115 million and short orders have liquidated $134 million.