CryptoQuant: Futures short position squaring leads to buyer dominance, bitcoin enters Christmas market window

CryptoQuant analyst Axel said in a post that Bitcoin is entering the Christmas market window. Market rating indicators show bullish but sentiment has not yet overheated, and short liquidation has further exacerbated the market asymmetry dominated by buyers. The derivatives market structure shows that the current Bitcoin market is dominated by short position squaring, which will generate mechanical buying pressure and push prices up. The market has entered a bullish neutrality state with positive returns expected.