The world’s largest cryptocurrency Bitcoin has been showing strength by flirting above the $70,000 levels. Market investors are confused as to which direction the Bitcoin price could be heading from here onwards amid the current macro setup and fluctuating ETF inflows.
Bitcoin Sell-side Liquidity At Historic Lows
In its latest findings, on-chain data provider CryptoQuant reported that Bitcoin’s demand has witnessed a remarkable surge alongside a notable decline in sell-side liquidity. This phenomenon has led to liquid inventory levels plummeting to unprecedented lows, signaling potential implications for the cryptocurrency’s market dynamics.
According to CryptoQuant’s analysis, Bitcoin’s current sell-side liquidity inventory is poised at historic lows. Furthermore, the projections suggest that it may only accommodate the ongoing demand growth for the next 12 months. Notably, these estimates focus solely on accumulating addresses, underscoring the intensity of Bitcoin’s dema
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