Bitcoin sees liquidity boosted after a swift BTC price decline and net ETF outflows.
BTC/USD 1-hour chart. Source: TradingViewNotably, a large cloud of asks had appeared, beginning with around $75 million at $64,765 and laddering up to $67,700.“Keep it this way as we grind up and we should have a solid base for higher. Don't want to see longs ape back in on the next best green candle,” heIn the latest edition of its “New York Color” market updates sent to Telegram channel subscribers on April 24, trading firm QCP Capital revealed shifting crypto sentiment on low-timeframes.
“The market is expecting upside to be capped and for spot price to consolidate in the short term,” it wrote.$1M Bitcoin price still in play amid ‘macro liquidity surge’ — Arthur Hayes These were driven mostly by outflows from the Grayscale Bitcoin Trust , data from sources including United Kingdom-based investment firmThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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