These 11 Companies Own 3% of the Bitcoin Supply; Is a Liquidity Crisis Brewing?
Bitcoin’s price has been rallying higher throughout the past few days, with this newfound momentum largely stemming from the hype surrounding Square’s recent decision to purchase $50 million worth of BTC. This news was significant and helped boost investor confidence while also catalyzing a strong uptrend. BTC is now up nearly $1,000 from where it […]
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Excessive money supply and rising inflation could lead to an U.S. market meltdown, he said, a perfect setup for Bitcoin.
Following the UST depeg, the crypto market started to crumble: crypto institutions crashed, exchanges suspended withdrawals, and lending protocols suffered from liquidation and runs, presenting a huge liquidity crisis. The domino effect has also fully revealed a DeFi crisis. In 2020, everyone had been excited for the DeFi Summer, and the huge popularity of liquidity […]
BTC price action may be struggling, but one analyst is hoping for a “sell-side liquidity crisis.” Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows.As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May.Time for another Bitcoin “sell-side liquidity crisis?”As of Thursday, the latest date for which figures are available, there was 2.399 million BTC available across major exchanges. May’s low measured 2.390 million.Bitcoin traders have thus reversed a....
Following a liquidity crunch, FTX reached out to Binance to solve its liquidity issues through acquisition to keep FTX customers whole.
Bitcoin could be seeing the proverbial light at the end of the tunnel, at least that’s what a major American multinational investment bank is saying on its latest findings. Multiple evidence indicate that the liquidity crisis in the broader cryptocurrency markets may have seen the worst. This is the conclusion suggested by Citi Bank, in […]