Bitcoin Enters Christmas Trading Window with Bullish Neutrality

According to ChainCatcher, CryptoQuant analyst Axel has indicated that Bitcoin is entering the Christmas trading window. Market rating indicators suggest a bullish outlook, although sentiment has not yet overheated. The liquidation of short positions is further intensifying the asymmetric market situation favoring buyers. The structure of the derivatives market reveals that the current Bitcoin futures market is primarily focused on short covering. This is expected to create mechanical buying pressure, driving prices upward and leading the market into a state of 'bullish neutrality.' The anticipated returns are positive.