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But we saved everything 🙂.
James Lavish described current sentiment around Bitcoin as extremely negative, comparing it to the mood during the FTX collapse and stating it feels even worse than during the COVID-related downturn. Despite this, Lavish observed that Bitcoin remains just above $70,000.
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Lavish has previously remarked that markets tend to prioritize short-term price action rather than long-term conviction, especially during periods of rapid change, as noted in recent commentary. He also reported that cumulative levered short positions on Bitcoin have surpassed $10 billion up to a price level of $83,000, according to market data. These observations illustrate ongoing attention to both sentiment shifts and leveraged trading activity.