CME bitcoin futures broke through $100,000 twice in a week, the market pays attention to the spot price to follow the trend

On November 30th, according to Cointelegraph, the Chicago Mercantile Exchange (CME) bitcoin futures broke through the $100,000 mark again on November 29th, reaching $100,200, which is the second time in seven days.
The data shows that the number of unpositioned squaring contracts in CME bitcoin futures exceeded 40,000, and the trading volume reached $12.30 billion before the Thanksgiving holiday. The bitcoin spot price fell back after reaching a maximum of $98,600, and the spread between Coinbase and Binance once exceeded $200.
Market data shows that there is a large sell order pressure near the 100,000 dollar. According to CoinGlass data, this round of rising has triggered about 55 million US dollar short positions to force position squaring. To break through the 100,000 US dollar integer mark, bulls need to push the price to more than 99,000 US dollars to trigger a new round of liquidation.