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Willy Woo: The market is currently in a "liquidation season", and it is not suitable to go long at this stage.
Odaily News Traders Willy Woo stated on the X platform that it is currently not a good time to bet on Bitcoin rising, as the market is in a “liquidation hunting season.” He pointed out that due to the high leverage levels in the derivation market, Bitcoin is struggling to rise and needs to clear out excessive “casino speculators” before it can embark on the next round of all-time high market.