CryptoQuant: Futures Short Squeeze Leads to Longs Dominance, Bitcoin Enters Christmas Rally Window

BlockBeats News, December 22, CryptoQuant analyst Axel stated in a post that Bitcoin is entering the Christmas trading window, with market sentiment indicators showing bullish signs but sentiment not overheated yet. Short liquidations have further intensified the buyer-dominated market's asymmetric situation. The derivative market structure shows that the current Bitcoin futures market is dominated by short liquidations, which will create mechanical buying pressure to drive up prices. The market is entering a state of 'bullish neutrality,' with positive expected returns.