According to Deep Tide TechFlow, CryptoQuant analyst Axel Adler Jr. stated that compared to the bull market of 2021, short traders are more cautious when establishing short positions in the current bull market cycle. During the correction when the Bitcoin price reached the $80,000 level, a significant bullish liquidation occurred only once.
Analysts point out that this shift in sentiment indicates that shorts are becoming more risk-averse, which is often seen as a bullish signal.
