Cointelegraph reports that according to the latest observations by on-chain analyst @ali_charts, 55% of Bitcoin (BTC) contract accounts on Binance Futures have chosen the shorting strategy. This data reveals the market participants' expectations and operational inclinations regarding the BTC price trend, with most accounts anticipating a decline in future BTC prices. On-chain analysis is a method that tracks and interprets transaction data through blockchain technology, playing a crucial role in trend forecasting and risk management in the cryptocurrency market.