Whales Warn: Current Bitcoin Rally is Illiquid and Overextended

Bitcoin FOMO rally ahead of its mining reward halving could fizzle, warns a top analyst. The cryptocurrency has more than 21 percent to log its best week since June 2019. But whales think that the uptrend has come on the backs of poor liquidity that raises the possibility of a sharp pullback. It is Thursday and bitcoin already surged by more than 21 percent into the week. But whales believe the ongoing bull run is […]
Bitcoinist.com

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Author: toutiao