Viewpoint: The market witnessed a significant long squeeze, with the year-end possibly bringing a "Santa Claus Rally."

58 minutes ago

On December 10, GSR OTC Trading Director Spencer Hallarn said: "I think most long positions in the market have already been liquidated, creating a skeptical base. The perpetual contract funding rate is very low—even negative—meaning there’s not much leverage in the market. Overall, this setup is actually pretty favorable for the Santa rally. I see the year-end market outlook as promising."

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