A quick look at the Bitcoin market over the weekend: Overall liquidity has deteriorated
Liquidity and sentiment continue to deteriorate, and the trading volume has shrunk by 40% compared to the daily trading volume last week, which is already a relatively low trading volume this year.
Bitcoin's 1-hour Bollinger Band maintained a 500-point oscillation for 27 hours without a technical breakthrough, indicating that the market's attention is indeed low enough.
The altcoin began to be sluggish at 3 a.m., and the sentiment of altcoin traders was not optimistic about the weekend, which was also caused by a lack of confidence in the market in the short term.
In terms of funds, mainstream stablecoins are relatively stable, with small net inflows in Asia and the United States, but there is still a high volatility, frequent capital inflows and outflows, and a sharp drop in capital trading volume, especially US-bound funds. The liquidity has been reduced by half again, and the basic trading volume has reached a freezing point.
According to the current market sentiment and data, it is basically necessary to test the situation around 60,000 again.
