Data: The supply-demand imbalance of Bitcoin and Ethereum has intensified again, and market liquidity has stagnated.
According to ChainCatcher, on-chain data indicates that the current market situation is almost identical to when bitcoin broke through $100,000. Buy-side liquidity is drying up, and the existing liquidity is only circulating within the market rather than expanding; in short, liquidity has stagnated. Without new capital inflows, the supply and demand imbalance cannot be resolved.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound: Range-bound ahead of UK Budget against US Dollar - HSBC
AUD/USD Price Forecast: Consolidates above 20-day EMA as focus shifts to Fed’s policy
Crypto Heads Into Fed Week With a Warning Sign in the Stablecoin Data
Euro struggles against Canadian Dollar despite lower oil prices
Crypto prices
More
