Benson Sun: There are still bearish signals in the market, and the spot purchased in early September has been sold

Crypto KOL Benson Sun posted on the X platform that after six months of consolidation, the market is at a critical moment. With the strong rise of altcoins and the ETH/BTC exchange rate, coupled with bullish macro news, the current market sentiment is high, and people expect Bitcoin to break through $65,000. But there are still some bearish signals, including: CME positions are greater than 150,000 BTC; the long-short ratio is about 0.8; the selling pressure of the spot order book is very high; the long-short difference (buy volume minus sell volume) has decreased, making it unlikely to break through the selling pressure of sell orders; Mt.Gox moves BTC again. Benson Sun said that in the past six months, each stage top has shown a similar situation, and optimism has encountered technical resistance, resulting in a technical pullback rather than a breakthrough. Despite this, we may see major macro changes. He decided to sell some spot positions bought on September 7. However, as the market adapts to these new conditions, he said that any decline may provide an excellent buying opportunity.