Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
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Bitcoin’s steady performance attributed to low liquidity and minimal spot volume
Lack of market activity in Bitcoin spot trading leads to stable prices
Quick Take
- Bitcoin has maintained a stable price below $30,000 for the past few weeks.
- Many reasons this has occurred; whales and long-term holders are offloading Bitcoin while other cohorts continue accumulating.
- Derivatives are fairly muted and with a neutral bias, while risk-on sentiment disappears.
- Most importantly, liquidity continues to suffer after banking collapses with SVB, Signature, and Silvergate Bank.
- While spot volume is at one of the lowest levels for almost 15 months, which shows little appetite for investors.
- However, this could change with the jobs report coming out later and CPI next week.
Market Cap $1.51T
24H Volume $36.01B
