Live markets: Bitcoin could drop to $59,000 in the short-term as liquidity dries up
AI Summary
Bitcoin is facing potential short-term declines to around $59,000 due to a drying up of liquidity, according to market analysis by Wintermute. Their options desk estimates the price range for Tuesday between $61,242 and $63,563, but the correlation among various tokens is rising without any new ETF bids in the pipeline. This situation underscores the ongoing volatility and lack of new investor interest, which could lead to further price fluctuations in the near future.
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