Bitcoin advanced to $94K, marking a notable move higher for the leading cryptocurrency. The rally occurred despite persistent concerns about thin market liquidity. Onchain data show crypto trading volumes at their lowest levels since late 2023.
This data underscores the liquidity backdrop affecting the market. Bitcoin rose to around $94,000, marking a notable uptick for the leading cryptocurrency. The move comes despite ongoing concerns about thin market liquidity.
On-chain data show trading volumes at their lowest levels since late 2023. This liquidity backdrop has influenced market dynamics, with prices reacting to shallow order-book depth and fewer participants in the market. Analysts say that persistent liquidity constraints could continue to shape near-term moves, potentially amplifying price swings as traders price in the risk of thinner markets.
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