TechFlow news, on May 17, CryptoQuant analyst Axel Adler Jr. posted that compared to the bull market in 2021, short traders in the current bull cycle have become more cautious when establishing short positions. Only one significant long liquidation event occurred during the pullback when Bitcoin reached the $80,000 level. The analyst noted that this shift in sentiment indicates shorts have become more risk-averse, which is typically seen as a bullish signal.
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