CryptoQuant's XWIN Japan Links Rising US Equity Shorts to a Potential Bitcoin Tailwind

CryptoQuant contributor XWIN Japan said rising US equity short interest may reflect hedging rather than outright bearishness, and that improving liquidity later this year could steer more institutional capital toward BTC. Bitcoin dropped to around $74,000 over the weekend, rebounded above $77,000, then slipped a few hundred dollars below $77,000, leaving it down almost 30% over the past year. Separately, Ali Martinez reported active addresses fell nearly 40% in two weeks (821,000 to 494,000) and flagged $78,000 resistance and $76,000 support.