On December 22, CryptoQuant analyst Axel posted that Bitcoin is entering the Christmas market window. The market rating indicators show bullish but the sentiment has not yet overheated. The liquidation of short positions has further exacerbated the asymmetrical market situation favoring buyers. The structure of the derivatives market shows that the current Bitcoin futures market is primarily focused on closing short positions, which will create mechanical buying pressure, pushing prices up. The market is entering a “bullish neutrality” state, with expected returns being positive.
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CryptoQuant: The closure of short positions in futures has led to a buyer's advantage, and Bitcoin has entered the Christmas market window.
On December 22, CryptoQuant analyst Axel posted that Bitcoin is entering the Christmas market window. The market rating indicators show bullish but the sentiment has not yet overheated. The liquidation of short positions has further exacerbated the asymmetrical market situation favoring buyers. The structure of the derivatives market shows that the current Bitcoin futures market is primarily focused on closing short positions, which will create mechanical buying pressure, pushing prices up. The market is entering a “bullish neutrality” state, with expected returns being positive.