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Joao Wedson highlights that the average long/short ratio among the top five crypto exchanges has reached 2, indicating that there are two traders positioned long for every one positioned short.
Wedson attributes recent market selloffs to this excessive long exposure, suggesting that analysts should pay closer attention to leverage dynamics in the current trading environment.
Wedson previously suggested that Bitcoin's price bottom could come before the release of Grand Theft Auto 6, pointing to potential shifts in market sentiment after the game’s launch here. He has also noted that Ethereum’s current bear market is now the network's second longest, lasting around 282 days according to his analysis. These earlier comments add context to Wedson's ongoing focus on market cycles and positioning.