Bitcoin might be stumbling into a very seasonal setup, not because Santa is real, but because positioning and one of those composite “regime” dashboards are flashing the kind of “bullish, but not sweaty” signal traders love to cling to in late December.
CryptoQuant analyst Axel Adler Jr. put it bluntly on X on Monday: “BTC is entering a window for a Santa rally: the Regime Score is bullish but not overheated. Short liquidations are reinforcing the asymmetry in favor of buyers.” That’s the h