Glassnode co-founder: Weak market liquidity and slow network growth may cause BTC to fall to $92,000
Glassnode co-founder Negentropic stated that after inflation data exceeded expectations, the price of Bitcoin once touched a liquidity point of $94,000 and fell back to $96,000 after briefly rising to $98,000. He pointed out that the current market liquidity is weak and network growth is slowing down are potential risk signals. If conditions do not improve, the price of Bitcoin may further probe down to $92,000.
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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