12/23 Crypto Market Daily: Big Players Are Buying, But Prices Are Falling? Where Has Santa Gone?

Key Point: Fear at 25, the main force is 'cleansing' the indecisive bulls, the Fear and Greed Index has slightly risen to 25, barely escaping extreme fear, but the market remains fragile.

The Truth About the Christmas Market:

You mentioned that big whales bought heavily over the weekend, but Bitcoin can't hold above 90,000, not even touching the key resistance level of 90,800.

Why? Just look at the liquidation data from the last 12 hours:

In the past 12 hours, the total liquidation of long positions across the network reached 100 million USD, while short positions only amounted to 24.9 million.

This indicates that last night's drop was specifically meant to 'kill the bulls'. Retail investors thought the Christmas market had arrived, hurriedly opening long positions, only to be violently thrown off by the main force.

BTC: Fuel Above, Support Below

Current Price: 88,520 The liquidation chart has clearly outlined the script of the main force:

The bulls have been cleansed. After last night's pullback, the chasing long positions between 89k and 90k have been wiped out (100 million USD in fuel). The upper side is full of flesh: Pay attention to the area between 89,600 and 92,000, where a dense accumulation of short position liquidation bars (green long bars) has formed.

Conclusion: The vehicle has lightened, and there is fuel above. If the big players are indeed accumulating, then the current drop is to prepare for 'squeezing the shorts' later. As long as it can break above 90,800, the shorts above will become the fireworks of Christmas. #BTC