“Considering that the exchange order book shows 5-10 bitcoins of liquidity for every $100 price change, a sell-off of 1,000 bitcoins is highly likely to trigger a significant price drop,” Bradley Park, an analyst at CryptoQuant, told CoinDesk in an interview. “Especially when traders are waiting to enter a short against bitcoin’s all-time high like on Tuesday.”
Is The Bitcoin Cycle Peak In? Historic Halving Knowledge Suggests Upside Potential Into Late 2025
Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure Bitcoin is now down over 29% from...
