Benson Sun: The market still has bearish signals and has sold off the spot bought in early September

Crypto KOL Benson Sun posted on the X platform that after six months of consolidation, the market is at a critical moment. With the strong rise of counterfeit products and ETH/BTC exchange rates, coupled with bullish macro news, the current market sentiment is high, and people expect Bitcoin to break through $65,000.
But there are still some bearish signals, including: CME holdings are greater than 150,000 BTC; the long-to-short ratio is around 0.8; the selling pressure on the spot order book is high; the long-to-short spread (user acquisition through ads minus selling volume) has declined, making it unlikely to break through the selling pressure; Mt. Gox has moved BTC again.
Benson Sun said that over the past six months, each stage top has shown a similar situation, with optimism meeting technical resistance, leading to a technical pullback rather than a breakout. Nonetheless, we could see major macro changes. He himself decided to sell some of the spot positions he bought on September 7. However, as the market adjusts to these new conditions, he said any decline could provide excellent buying opportunities.