Joao Wedson, founder and CEO of Alphractal, warned on July 7 that unliquidated long positions now dominate Bitcoin, Ethereum (ETH), XRP, and Solana (SOL), raising the risk of a liquidation cascade if prices slip in the next few hours. According to BeInCrypto, Wedson said the recent advance has been weak and driven more by leverage than spot demand, leaving markets vulnerable to a domino effect across derivatives and spot.
Wedson outlined downside risks including Bitcoin correcting to $60,000-$62,000, XRP testing $1.00-$1.10, and SOL falling toward $63-$74 if it breaks below $80, while noting some analysts still see potential rebounds if leverage clears.
Alphractal CEO Warns Unliquidated Longs Dominate BTC, ETH, XRP, and SOL
2026-07-07 13:32:56
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