#BTC #etf #READ #tia Bitcon's Weekly surge could be driven by liquidity shortage

Analysts suggest that bitcoin's recent surge could be driven by an ongoing liquidity shortage and declining stable coin market cap.

The ongoing shortage in the cryptocurrency market has been significantly impacting Bitcoin's price, which has experienced dramatic fluctuations of over 10 percent in recent week.

According to research by falconX, the average volume of bitcoin trades within a 1 percent price range from its current value has been at its lowest for the year. This comes despite a renewed surge in trading activities, partially ignited by market speculation surrounding the potential approval of a bitcoin ETF (EXCHANGE TRADED FUND).