Trader Willy Woo: The Market is in a "Liquidation Season," Not Suitable for Long Positions at This Stage
According to a report by Jinse Finance, trader Willy Woo posted on platform X stating that it is currently not a good time to bet on a Bitcoin rise, as the market is in a "liquidation hunting season." He pointed out that due to the high leverage levels in the derivatives market, Bitcoin finds it difficult to rise, and it is necessary to first clear out the excessive "casino speculators" before the next round of record highs can begin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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