According to Deep Tide TechFlow, CryptoQuant analyst Axel Adler Jr. stated that compared to the bull market in 2021, short sellers are more cautious when establishing short positions in the current bull market cycle. During the pullback when Bitcoin prices reached the $80,000 level, there was only one notable instance of long liquidation.
Analysts point out that this shift in sentiment indicates that short sellers have become more risk-averse, which is usually seen as a bullish signal.
