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Joao Wedson highlights that ONDO is seeing a massive concentration of unliquidated long positions. According to Joao Wedson, traders’ eagerness for a return to bull market conditions is clearly being shown in current trading charts.
Wedson has previously warned that $1.4 billion in Bitcoin positions could face liquidation if prices fall to $53,500. He also suggested that Bitcoin’s price bottom may arrive before the launch of GTA 6, with potential shifts in crypto market sentiment expected afterward according to an earlier analysis. These observations follow his continued tracking of concentration and risk in crypto trading positions.