According to Odaily Planet Daily, trader Willy Woo said that it is not a good time to bet on the rise of Bitcoin. The market is in the "liquidation hunting season" and the leverage level of the derivatives market is high. Woo pointed out that Bitcoin needs to clean out too many "casino speculators" before it can start the next round of new highs.
Trader Willy Woo: Bitcoin market is in liquidation hunting season
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