According to @JamesWynnReal, traders should monitor Bitcoin's (BTC) price action closely, as a short-term dip toward the 103641 level could trigger significant liquidations. The source emphasizes maintaining a bullish outlook until mid-June, aligning trading strategies to capitalize on potential upward momentum before adopting a bearish stance post mid-June. This targeted approach may impact leveraged traders and influence short-term volatility in the crypto market (source: @JamesWynnReal on Twitter).

According to @EmberCN, the current market downturn has resulted in significant losses for those who have leveraged their positions. The decline in prices is reducing the health of their positions, forcing them to sell at a loss to avoid liquidation.

According to EmberCN, spot traders are less concerned about being trapped in their positions, indicating a more relaxed attitude towards market fluctuations compared to leveraged traders.