A widely followed crypto analyst is warning that Bitcoin (BTC) and other digital assets could see a deeper market correction due to one factor.
In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that stablecoin liquidity is a significant indicator of crypto market trends.
He warns that stablecoin liquidity continues to contract, which could indicate Bitcoin and other digital assets will see additional downward price action.
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“If we are going to be in an environment where liquidity is contracting, how is that going to impact crypto? Let’s just take a look here at the growing importance of liquidity.
We can see here that, for example, from April 2019 towards July 2019, when we had a first initial relief rally
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