BTC’s Thin-Liquidity Bounce Raises Questions on Staying Power
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Bitcoin staged a sharp recovery over the past week, rebounding from a dip below $114,000 to trade near $121,000, in what Glassnode described in a recent report as a shift from “seller exhaustion to a strong rebound near recent ATHs.”
The rally, however, came without a surge in spot market participation.
Glassnode data shows spot trading volumes fell 22% to $5.7 billion, close to their statistical low band, suggesting the rebound has been driven more by positioning…
