Bitcoin Stabilizes at $63.6K Amid Weak Liquidity and ETF Outflows
Bitcoin's price has stabilized near $63.6K as market conditions remain subdued due to weak spot liquidity and ETF outflows, according to a recent analysis by Glassnode.
The report highlights that despite easing selling pressure, trader conviction remains limited, indicating a cautious atmosphere in the cryptocurrency space.
Glassnode's analysis emphasizes the impact of weak spot liquidity on Bitcoin's price stability, as well as the effect of ETF outflows on market sentiment and liquidity.