BlockBeats News, December 29th, CryptoQuant analyst @Darkfost_Coc stated that during this morning’s Bitcoin surge, the total network contract holdings increased by $2 billion.
@Darkfost_Coc said that in such situations, price fluctuations tend to be short-lived. Leveraged positions are often temporary, which typically hinders the market from forming a healthy bottom, thus not conducive to a sustainable bullish reversal.
