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CryptoQuant Founder: Currently, there is almost no trading volume for Bitcoin above $72,000, making it prone to rise and fall

CryptoQuant Founder: Currently, there is almost no trading volume for Bitcoin above $72,000, making it prone to rise and fall

Bitget2024/11/12 09:26

CryptoQuant founder and CEO Ki Young Ju posted on platform X, stating that the volatility of the Bitcoin market is increasing. During the price discovery phase, due to a lack of consensus on support and resistance levels, order books are usually thin. This led to multiple price fluctuations in the last bull market cycle. Currently, there is almost no trading volume above $72,000 for Bitcoin, making it prone to rise and fall easily.

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