One of the scale indicates “interest” at Bitcoin (BTC), according to Swissblock Analysis
The Bitcoin (BTC) indicates the potential attention to the main encryption assets, according to the new Market Intelligence Swissblock.
In a post on the X social media platform, Swissblock highlights sudden diving in liquidity on the chain, which the company says needs the opposite if the BTC should assemble.
“At the same time that the rest of the market was again exposed to BTC, we saw a decrease in our liquidity on the chain.
In order to continue upward, we need to see a height again in liquidity on the chain. “
Liquidity on the series indicates how easy it is bitcoin or selling it easily and efficiently without affecting the BTC price. Low liquidity environments indicate that there are not enough buyers to absorb sales orders, which leads to low prices.
Swissblock says that the rapid decrease in liquidity itself is “a source of concern” and that BTC shows a decrease in the total activity in the bitcoin network.
However, the Analysis Company He says The long -term bullish market structure of BTC still looks strong.
“Low liquidity, as the price is more associated with the dynamics on the chain against external factors. Low activity, which makes the price more vulnerable to negative fluctuations.
Everything was not lost. Although we have a liquidity flow, the long -term bullish structure is still intact as long as our risk signal is in 0 …
While the conditions of liquidity deteriorated, the broader bullish structure remains intact – provided that the risk signals continue to keep them. “
At the time of this report, BTC is traded at $ 101,833.
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