The recent surge in the cryptocurrency market dubbed the “uptober” rally has captured considerable attention. Bitcoin, a major player, has witnessed an impressive 35% increase since October, with assets such as SOL and LINK experiencing even more substantial gains. However, delving beyond the surface, it becomes apparent that understanding liquidity trends is crucial for comprehending the underlying dynamics of this price surge, offering valuable insights into the current market cycle and potential future developments.
A crucial insight, emphasized earlier this year by CoinDesk, is the impact of trading volumes on price stability. Low volumes indicate little market activity at particular price points, which could result in higher price volatility and less market depth. Conversely, greater trade volumes signify increased market…
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