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Bitcoin sell-side liquidity hits lowest level since 2018 fueling BTC rally

Whales quietly accumulate as sell-side liquidity hits five-year low, driving new BTC highs.

CryptoSlate

Jan 7

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Happy Tuesday!

Bitcoin is making headlines as sell-side liquidity plummets to its lowest levels since 2018, igniting a fresh rally that sees the cryptocurrency nearing the $100,000 mark. As whales quietly accumulate assets amidst this liquidity crunch, the market dynamics are shifting dramatically, highlighting a strategic game among major players. Meanwhile, Enron makes a humorous comeback with a parody poking fun at tech launches, while Canadian Bitcoin advocate Pierre Poilievre leads the race for Prime Minister on Polymarket. In other news, Nasdaq is looking to raise options contract limits for traders, reflecting growing trading volumes in the crypto space. Stay tuned for these stories and more in today's newsletter!

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The global crypto market cap is $3.45 trillion, with a 24-hour volume of $144.9 billion. The price of Bitcoin is $97,822.69, and BTC market dominance is 56.4%. The price of Ethereum is $3,476.29, and ETH market dominance is 12.2%. The best-performing sector is Art, which gained 37%. The Crypto Fear & Greed Index is currently Greed (78).