On-chain data speaks: The number of BTC close all positions addresses is decreasing, and market sentiment is recovering.

2025-12-21 07:00:09

In the on-chain data of the last month, there is an interesting phenomenon - the market sentiment is recovering.

Back in mid-November, BTC was falling the hardest. During the period from November 13th to 25th, a large number of addresses switched from “long-term holding” to “completely liquidated,” and the quantity of this transition surged. This reflects the heavy panic and bearish sentiment in the market.

However, the situation changed after entering December. Starting from December 1st, while BTC has been repeatedly confirming the bottom, interestingly, the number of liquidation addresses has started to decrease. This change is completely in line with the bullish performance of the futures market – on one hand, more people are choosing to hold firm, while on the other hand, large futures traders are gradually increasing their positions, and the market sentiment has clearly warmed up.

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TokenRationEater

· 8h ago

The bottom buying the dip phase really shows who truly believes in BTC. I see that those who closed all positions in November were all soft-hearted... Wait, did the number of closed positions decrease? Doesn't that mean those who should have played people for suckers have already done so, and the rest are true believers? I like this logic. It's time for large investors in futures to increase the position again. This routine is always the same, just follow what they do and you can't go wrong...

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NeverVoteOnDAO

· 8h ago

The reduction of the close all positions Address indicates that smart money has already bought the dip at the bottom, while retail investors are still struggling.

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CommunityWorker

· 8h ago

Close all positions Address decrease? Looks like someone is really buying the dip.

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Anon32942

· 8h ago

The panic selling has decreased, which is a good sign, indicating that people are starting to gain confidence.

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