Bitcoin's market liquidity has been swelling, with aggregated depth hitting a new high and a notable surge in bid vs. ask spread. This trend is more than just numbers; it's a reflection of growing trader confidence and market stability. The price increase to $70,600 is pivotal, but the true catalyst behind this liquidity surge might surprise you. It all started when...
Market depth reveals Bitcoin’s underlying strength at $70k Market depth reveals Bitcoin’s underlying strength at $70k
Increasing bids and asks point to strong market sentiment, buoyed by significant ETF inflows.
3 min read
Updated: Jun. 5, 2024 at 6:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.