COINOTAG News reported on December 23 that Chinese crypto analyst Ban Mu Noon, delivering his midday assessment, said Bitcoin has reached a regime where entering long positions is no longer an attractive bet. He noted that the mid-term liquidity dynamics have been eroded by ongoing ETF selling pressure, suggesting the current setup is not an ideal long position opportunity, even though a new uptrend could emerge in time.
During the adjustment phase, without a high-probability setup, traders should refrain from participation and instead continue monitoring the market’s complex consolidation. Risk remains elevated.
Source: https://en.coinotag.com/breakingnews/bitcoin-faces-weakened-liquidity-from-etf-selloff-offering-no-clear-long-opportunity-amid-market-consolidation
