Bitcoin volume is flat on the trend charts. Holders believe that anyone in their right mindset would not sell BTC. Bitcoin according to holders is in a massive correction and instead of looking at the charts constantly, you need to go and get Bitcoin education. Looking at the chart won’t change anything. Bitcoin is a long-term Investment. The short-term price action is insignificant when compared to it’s upside potential.
Is there not enough liquidity on exchanges leading to flat trading volume? Liquidity in cryptocurrency markets essentially refers to the ease with which tokens can be swapped to other tokens or to government-issued fiat currencies. Liquidity of Bitcoin depends upon which exchange one chooses to trade.
Also, liquidity is determined by the bid-ask spread, and an investment with a lower bid-ask spread has higher liquidity. Further, Bitcoin’s circulating supply is currently illiquid, which means it is moved into wallets that have no history of spending.
Is this because there were considerable fake pumps by market makers Vs. lack of sufficient retailers leading to leading to flat trading volume? Pumps and dumps are illegal. “Pumping” is used to indicate the purchasing of large quantities of coins to push the demand and price of a respective coin up. Then, they release the assets at a higher price to rake in a high return on investment.
Crypto pump-and-dumps are when people (conspirators) use misleading information to raise the price of a cryptocurrency so they can sell it and profit from there.
Scammers would rarely think of Bitcoin pump and dump to provoke a Bullish run because it would require a lot of money.
Are whales sleeping in the Bitcoin ecosystem? Most whales are in the Bitcoin game for the long run. Particularly, with Bitcoin (BTC) an early sell off is not seen.
Traders got liquidated: “Liquidation” simply means converting assets to cash. Forced liquidation in crypto trading refers to an involuntary conversion of crypto assets into cash or cash equivalents like stable coins. Forced liquidation occurs when a trader fails to meet the margin requirement set for a leveraged position. So, when bitcoin investors liquidate it can be for several reasons.
Is Bitcoin Retail Already Gone? Data from Google’s search trends suggest retail interest in bitcoin and other major cryptocurrencies could be waning. Retail investors are those who power Bitcoin to record highs. Current trends are indicative of retail interest in Bitcoin being pretty much gone.
Since every Bitcoin investor is well-aware of the fact that bitcoin trading volume will spike once futures stop selling, those who believe in the BTC hold theory are left wondering who is selling at these “MEH” prices?
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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