Bitcoin, Ethereum, XRP, and Solana Face Threat from Dominant Unliquidated Long Positions

Joao Wedson, founder and CEO of Alphractal, has issued a warning about the potential threat to major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL). According to Wedson, unliquidated long positions now dominate these markets after a recent weak advance. This means that many investors have taken out leveraged bets on the price of these assets without closing or selling them yet.

The situation is particularly delicate for ETH, SOL, and XRP, which saw a massive buildup of longs over the past 30 days. Wedson warns that any slip in the coming hours could hand control to the bears, leading to a fresh wave of fear and liquidations across the entire crypto market.

The analyst notes that the recent rally lacks genuine conviction, with prices climbing but underlying buying strength remaining weak. As a result, the advance rests on fragile leverage rather than real spot demand. Wedson believes that when gains depend on borrowed positions instead of organic accumulation, the market becomes reflexive and vulnerable to small triggers.

Wedson predicts that the imbalance of longs implies a high risk of bearish volatility, with a break of key supports triggering liquidation cascades and pressuring prices lower. He specifically mentions that Bitcoin's price could correct to $60,000-$62,000, while Ethereum faces a similar setup with heightened volatility due to its correlation with Bitcoin.