CoinEx Daily: Bitcoin Shorts Unwind as Whale Activity and ETF Flows Signal Sentiment Shift

Daily View

Bitcoin sentiment appears to be reversing higher as whales unwind large short positions and spot ETF outflows slow down, according to recent data. Market derivatives show growing long demand, with large new BTC positions opening on platforms like Hyperliquid. Meanwhile, overall market activity remains choppy amid lower holiday trading volumes and increased volatility.