Bitcoin Faces Weakened Liquidity From ETF Selloff, Offering No Clear Long Opportunity Amid Market Consolidation

COINOTAG News reported on December 23 that Chinese crypto analyst Ban Mu Noon, delivering his midday assessment, said Bitcoin has reached a regime where entering long positions is no longer an attractive bet. He noted that the mid-term liquidity dynamics have been eroded by ongoing ETF selling pressure, suggesting the current setup is not an ideal long position opportunity, even though a new uptrend could emerge in time.

During the adjustment phase, without a high-probability setup, traders should refrain from participation and instead continue monitoring the market’s complex consolidation. Risk remains elevated.