Glassnode Joint Creation: Weak market liquidity, slowing network growth may cause BTC to fall to $92000
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PANews|Feb 13, 2025 08:55
Glassnode co-founder Negentropy stated that after inflation data exceeded expectations, the price of Bitcoin briefly hit the liquidity point of $94000 and then fell back to $96000 after briefly rising to $98000. He pointed out that the current weak market liquidity and slowing network growth are potential risk signals, and if conditions do not improve, the price of Bitcoin may further drop to $92000.
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