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The latest insight into Bitcoin’s liquidity paints a very bullish picture for the crypto market.
September 23, 2021 at 8:00 pm UTC · 2 min read
According to the latest data from crypto analytics firm Glassnode, there are currently fewer Bitcoin in a highly liquid state than there were at the very bottom of the infamous December 2018 capitulation.
Diving deeper into the numbers shows that this is incredibly bullish not just for Bitcoin, but for the rest of the market as well, as it shows there are fewer BTC to buy—despite the massive price dip.
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