BlockBeats News, December 22, CryptoQuant analyst Axel stated in a post that Bitcoin is entering the Christmas market window, with market sentiment indicators showing bullishness but not yet overheated. Further short liquidations have exacerbated the buyer-dominant market asymmetry. The derivatives market structure indicates that the current Bitcoin futures market is mostly dominated by short liquidations, leading to mechanical buying pressure driving up prices. The market is entering a state of 'bullish neutrality,' with positive expected returns.

#BTC