Bitcoin (BTC) Liquidity Drops to 10-Month Low - Start Preparing Yourself for Increased Volatility!

Bitcoin (BTC), the world's largest cryptocurrency, has displayed impressive resilience in the face of economic turmoil. Despite ongoing banking crises, rising inflation, and an uncertain macroeconomic environment, BTC remains stable. It even managed to consolidate just under $28,000 levels over the weekend. 

 

Indeed, there appears to be a strong support wall for Bitcoin at the moment. A solid foundation exists between $27,170 and $27,970, where 1.45 million addresses have purchased over 700,000 Bitcoins. That is nothing less than incredible!

Clearly, Bitcoin is attracting investors looking for stability in the midst of all this turmoil. The reason is simple: Bitcoin, unlike fiat currency, is decentralised and immune to government interference or manipulation. Furthermore, with a limited supply of only 21 million coins, its value is likely to climb as demand grows. 

But let's face it: investing in any asset comes with risks. Bitcoin is no exception to the risky cryptocurrency market. If you're willing to take that risk, now might be a good time to buy some Bitcoin. We can't, of course, foresee the future. But one thing is certain: The trend of Bitcoin is not going away anytime soon.