Joao Wedson highlights that Bitcoin is currently exhibiting one of the clearest signs of long-term investor conviction. According to Wedson, the supply held by long-term holders is now 5.2 times greater than that held by short-term holders. He also points out that the short-term holder supply has dropped to its lowest level since 2016. {tweet} Wedson previously noted that Bitcoin traders could face as much as $1.4 billion in liquidations if the price drops to $53,500. In a separate outlook, he suggested that Bitcoin’s price bottom may arrive before the launch of GTA 6. Both assessments come as traders weigh signals ... (full story)