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Joao Wedson emphasizes the significance of on-chain analytics in understanding the crypto market. He highlights how the CVDD Channel serves as a powerful tool, mapping real holder behavior and outlining long-term support and resistance with precision. This tool reveals the structural dynamics of the market, rather than altering the overarching narratives.
Wedson’s perspective on on-chain analytics aligns with his recent observations of whales entering short positions on BTC, even as retail traders display divergent behavior, a trend detailed in his analysis of whales entering short positions on BTC as retail traders diverge. Furthermore, his assessment of market structure is underscored by prior reporting on the challenges Bitcoin faces amid a persistent sideways market, such as the potential for further declines examined in Bitcoin faces potential decline as sideways market persists.