Today's market 2 Figure 1 Order Book I'm tired of watching this section these days What does this market like . The US stock market opened today, let's see if it will hit the wave above 78k . But with the wave of 76.5k falling and rebounding yesterday, many short sellers on Hyperliquid took the opportunity to run away or break even, as can be seen from Figure 2 liquidity 78k is missing a lot of stop loss orders. ----------- Figure 2 Liquidity . At present, it remains unchanged, with a wave of 78k above. Although it has been accumulated for a long time without being destroyed, it seems that there are not many left . There are actually many bulls, with yesterday's previous low below 76k~75.5k and then moving forward to the previous low below 74-74.5k These two places also resonate with many on chain and option positions . 75k is the biggest pain point location this Friday Below 74k is the short-term holding cost on the chain for 1-3 months . --------- So today, let's squat above 78k and below 76k It's okay if you don't give it . The end of May option for this Friday has a nominal amount of around 6 billion If you really want to slowly cross over until after the deadline on Friday before starting the next wave, it's also possible.