Signs of Market Sentiment Recovery Observed in Bitcoin Transactions

According to BlockBeats, data analyst Murphy has observed signs of sentiment recovery in on-chain data. Between November 13 and 25, there was a significant increase in the number of addresses transitioning from 'holding BTC' to 'fully liquidating,' coinciding with the fastest and largest decline in BTC prices during the same period. This surge in liquidation reflected market panic and pessimism. However, from December 1 to 18, BTC repeatedly tested lower levels, and the number of liquidation addresses began to decrease. This trend aligns with bullish behavior and sentiment changes observed in the futures market.