After six months of consolidation, the market is at a critical moment. Despite the bullish market sentiment, there are still some bearish signals. Crypto KOL Benson Sun has decided to sell some of his spot positions bought on September 7, but believes that any decline could present a buying opportunity.

Odaily Planet Daily reported that crypto KOL Benson Sun posted on X platform, stating that after six months of consolidation, the market is at a critical moment. With the strong rise of altcoins and the ETH/BTC rate, combined with bullish macro news, current market sentiment is high, and people are expecting Bitcoin to break through $65,000.

However, there are still some bearish signals, including: CME positions exceeding 150 thousand BTC; a long-to-short ratio of about 0.8; significant selling pressure on the spot order book; a decrease in the long-short difference (buy volume minus sell volume), leading to a lower likelihood of breaking through the selling pressure; and the movement of BTC by Mt. Gox again.

Benson Sun noted that in the past six months, each stage's peak has shown similar situations where optimism faced technical resistance, resulting in technical pullbacks rather than breakthroughs. Nevertheless, we may see significant macro changes. He personally decided to sell some spot positions purchased on September 7. However, as the market adapts to these new conditions, he stated that any decline could present excellent buying opportunities.

Benson Sun: The market still shows bearish signals, having sold off the spot purchased at the beginning of September.