Bitcoin Price Hovers Near $78K Amidst $4.6B Liquidity Rebound
The Bitcoin price has stabilized near $78,024 after a week of improved liquidity. According to Darkfost's onchain data, realized capitalization increased by over $4.6 billion during this period.
This surge in liquidity is not yet confirmed as the 30-day growth rate stands at only 0.4%. However, traders are watching closely to see if buyers can defend the current price and challenge the supply zone above $81,000.
Crypto Patel, a market analyst, sees $83,000 as the point that would invalidate his bearish setup. If liquidity gives way, he predicts a downside target between $50,000 and $55,000.