Data: Short-term sellouts of BTC futures continued to decline over the past week.

Short-term sellouts of BTC futures continued to decline over the past week, according to Santiment. The chart shows that the future liquidation peak corresponds to the bounce rate. The last time the near-term high was raised was the last week of May 2021, when price rebounded and hit the $ 40,000 level. Thus, the current decline in the chart indicates a reversal of support in the next two weeks. As the chain signs and Dogecoin and Ethereum now explain, the price will rise further. Additionally, the chain's Bitcoin position indicates that Bitcoin's operational position is almost a year lower, just like Ethereum. This caused prices to drop last week. As a result, guaranteed purchases have become more important than the economic downturn, and at current prices, Glassnode data shows that 85% of locations are profitable. For Ethereum, the unrealized short-term net P&L report suggests that current sentiment is based on market fears.