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But we saved everything 🙂.
Joao Wedson notes that $1.4 billion in Bitcoin positions stand to be liquidated if the cryptocurrency's price drops to $53,500.
The comment highlights ongoing trader activity, with many continuing to pursue leveraged positions despite current market conditions. Wedson suggests this trend is worth closely monitoring.
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Earlier this year, Wedson predicted that Bitcoin could rise toward the $57,300 level, noting the significance of liquidity for traders. In a separate analysis, he suggested that a Bitcoin price bottom may appear before the launch of GTA 6 and anticipated a shift in crypto market sentiment following the game’s release. His recent commentary continues a pattern of tracking key thresholds and market triggers.