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Joao Wedson: Most cryptocurrencies see more long positions than shorts
Joao Wedson highlights that traders are currently more positioned in longs than shorts across most cryptocurrencies.
This observation suggests a prevailing optimism among market participants for the near-term direction of digital assets.
Wedson recently noted that large trades on Binance Perpetual are stirring up bullish sentiment in the crypto market, according to a prior report. In a separate observation, he highlighted a record spike in momentum among long-term Bitcoin holders. Both developments point to active positioning and accumulation from market participants in recent weeks.
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