Bitcoin is expected to show more price volatility in April due to significant liquidity drying up, according to blockchain analytics firm Kaiko. Investors may have to pay more on trades due to slippages, indicating worsening liquidity and volatile price swings ahead. Growing US regulatory action and the shutdown of crypto-friendly banks continue to put pressure on the market. Trading volumes and liquidity have dried up significantly, while retail investors remain on the edge with greater participation in the market. Bitcoin trading volumes have collapsed, indicating waning appetite for Bitcoin at its recent higher levels. However, a large number of Bitcoins have moved off-exchange recently, with nearly 46,000 BTC leaving exchange wallets over the last 10 days, according to on-chain data provider CryptoQuant. (coingape)
All Comments