Bitcoin long-short game escalates,XBIT can institutional funds BTC perpetual contract break the technical dilemma?
The recent Bitcoin market presents a complex long-short game. Although the price encountered selling pressure before the key resistance level of $98,000, on-chain data and institutional trends show that the market may be brewing a structural change. The current BTC network activity index has fallen back to the bear market range since December 2024, the number of daily active addresses has dropped 37% from the peak, and the on-chain transaction volume has shrunk to an average of 2.3 million transactions per day. XBIT (dex Exchange) analysts said: This cooling phenomenon is highly similar to the market characteristics during the period of China’s regulatory shock in 2021, but historical experience shows that such liquidity contraction does not necessarily indicate a trend reversal.
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