Bitcoin's order book liquidity has dropped near and far from the price, a signal seen before bull reverses. Low liquidity shows traders unwilling to make large buys/sells when unsure, a bottom sign. Though price up 4% after weekend lows, futures funding rates still favor shorts, potentially causing a squeeze if bulls defend the price. While positioning remains cautious, easy money macroeconomics make Bitcoin's future bright - high rates brief, liquidity will flow again, driving the top crypto higher after a suspected bottom forms.
https://www.coindesk.com/markets/2024/09/09/bitcoin-bottom-in-btc-order-book-liquidity-says-yes/
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