According to Gordon (@AltcoinGordon) on Twitter, Bitcoin is trading just $200 away from James Wynn’s liquidation price, indicating a critical support level. Market observations suggest that sell-side pressure is weakening, as sellers appear to be running out of steam (source: twitter.com/AltcoinGordon/status/1929490413351551091). This development may signal a potential shift in momentum, creating an opportunity for traders to watch for a possible short squeeze or reversal. The proximity to a major liquidation price and the reduced selling activity are important factors for crypto traders analyzing Bitcoin’s short-term price action.