A position of 70 billion US dollars is like a casino in the cryptocurrency industry. The market value of USDT is not even 70 billion US dollars, and most people open contracts using USDT. A very small number of people use the cryptocurrency standard. With a position of 70 billion US dollars and no leverage, if all holders have 40 times leverage, the total value of online positions would be 2.8 trillion US dollars, and the market value of Bitcoin would not be 280 million US dollars. Whether it can rise or not is all up to bears, and this data does not include on chain and some unknown exchanges