#bitcoin technical Analysis :
Quiet Long Weekend Keeps Bitcoin Above $30K
#crypto markets are quiet as the #U.S. continues its extended long weekend. Bitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. The CoinDesk Market Index (CMI) is down 0.9% to 1,262.
Trading volume is down across the board, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.
#CoinGlass ' long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.
As CoinDesk has previously reported, liquidity continues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let's see how traders react.
Stay tuned for more updates on the crypto markets.