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Long positions hit hard in Polkadot trading, Joao Wedson notes

Long positions hit hard in Polkadot trading, Joao Wedson notes
Polkadot long traders face new challenges

Joao Wedson observes that the market has been difficult for Polkadot, particularly for investors taking long positions.

Long traders in Polkadot have suffered significant losses over the years. Despite these difficulties, more traders are currently entering into long positions on the asset.

Wedson has previously highlighted risks facing leveraged traders in other markets. He warned that $1.4 billion in Bitcoin positions could be liquidated if the price drops to $53,500. In a separate note, Wedson pointed out that long-term Bitcoin holder supply is now 5.2 times greater than that of short-term holders.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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