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Joao Wedson highlights that an on-chain metric, the STH/LTH market signal based on Realized Price, could soon signal Bitcoin’s price bottom.
According to Joao Wedson, this tool is used to identify transitions between bear and bull markets, with current readings indicating the market is still bearish.
Wedson recently suggested that Bitcoin’s price bottom could arrive before the launch of GTA 6, anticipating a shift in crypto market sentiment afterward (link). In a separate warning, he said $1.4 billion in Bitcoin positions were at risk of liquidation if the price fell to $53,500 as traders increased leverage (link). His latest comments come as investors watch for signs of a market reversal.