Bitcoin hodlers have been busy derisking — even before the ETF launch — and BTC price is in dire need of a liquidity boost.
Bitcoin (BTC) starts the fourth week of January in a precarious state as doubts surface over the cryptocurrency bull market.
BTC price action continues to struggle after hitting two-year highs — bulls are on the back seat, and $40,000 support is looming ever closer.
What could be in store next?
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Source: https://cointelegraph.com/news/btc-longs-waiting-sub-40k-5-things-bitcoin-this-week