Foresight News reports that CryptoQuant analyst Axel Adler Jr stated that, compared to the bull market in 2021, short sellers in the current bull market cycle are behaving more cautiously when establishing short positions. There has only been one significant long liquidation during the pullback when Bitcoin prices reached the $80,000 level. The analyst points out that this change in sentiment indicates that shorts are becoming more risk-averse, which is typically seen as a bullish signal.

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