Analyst Banmuxia: Bitcoin Long Setups Less Attractive as ETF Selling Weighs on Liquidity

Chinese crypto analyst Banmuxia said on Dec. 23 that Bitcoin's current price zone no longer offers an attractive opportunity for new long positions, as ongoing ETF-related selling has weakened the medium-term liquidity thesis, BlockBeats reports. Banmuxia noted this does not rule out future price increases but argued that market risk has risen. During the current adjustment phase, investors might avoid participating unless the probability of success is very high, with the market expected to remain in complex consolidation.