CryptoQuant Founder: Currently, there is almost no trading volume for Bitcoin above $72,000, making it prone to rise and fall
CryptoQuant founder and CEO Ki Young Ju posted on platform X, stating that the volatility of the Bitcoin market is increasing. During the price discovery phase, due to a lack of consensus on support and resistance levels, order books are usually thin. This led to multiple price fluctuations in the last bull market cycle. Currently, there is almost no trading volume above $72,000 for Bitcoin, making it prone to rise and fall easily.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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