Bitcoin’s steady performance attributed to low liquidity and minimal spot volume

exchange68September 13, 2024

0 0 2 minutes read

Bitcoin has remained below $30,000 for weeks as whales and long-term holders offload their holdings, and others continue accumulating. Derivatives markets show a neutral bias, and risk-on sentiment is vanishing. Liquidity struggles persist due to banking collapses with SVB, Signature, and Silvergate Bank. With spot volume at its lowest in nearly 15 months, investor appetite seems scarce. But there’s a potential turning point on the horizon as the jobs report and CPI data release could alter the market dynamics. What impact will these events have on Bitcoin’s price…?

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