When #investors return to the market after the long weekend, they will notice that trading volume is down across the board. All major #exchanges continue to report significant decreases in volume in the 15-20% range.

This considerable decrease in volume had an influence on the number of #liquidations , which totaled $47.67 million in the last 24 hours.Surprisingly, the market has kept open interest at $14.50 billion, with the long/short ratio indicating that long traders have a tiny advantage over short traders.

However, trader sentiment remains a source of concern, with a sizable proportion of neutral traders equalizing the bearish and bullish crowds.

From analysis the market's liquidity crisis is a long-standing issue that cannot be avoided.

Meanwhile, the Bitcoin price is coping with a hard barrier over $31,000, with its downside protection appearing to be at $30,500. The largest cryptocurrency's alternatives are becoming more limited by the day, as it fails to maintain its upward trajectory past the $31,000 threshold.

This suggests that overhead pressure will most likely continue to erode support, particularly the buyer congestion at $30,000. A confirmed breach below this level would indicate a defeated bullish front.

On the other hand, it could spark an aggressive bearish trend, with investors inclined to sell to protect earned profits following the increase from $25,000 to $31,500.

Bitcoin Price Remains Calm at $31,000 Roadblock Remains -

How Can You Maintain Profitability in Your Bitcoin Positions?

Bitcoin's price may be in significant danger of falling to $25,000 if support at $30,000 fails.

Disclaimer; This article is not a financial advice but for educational purposes only #dyor

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