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The largest concentration of long positions is currently situated between $61,000 and $64,400, while short positions are concentrated above $76,500 according to Joao Wedson.
Wedson highlights that the market overall remains more weighted on the long side, suggesting a significant liquidity cluster exists below the current price level.
Wedson previously examined whether global M2 annual changes remain correlated with Bitcoin cycles in a recent analysis. He also reported that Alpha AI projects a neutral to slightly bullish short-term Bitcoin outlook, citing weakening selling pressure based on on-chain data in another post. Both reports reflect his ongoing focus on technical and macroeconomic market factors.