Bitcoin’s failed breakout reveals a dangerous mix of thin volume and easy profits

Glassnode's October 7 report indicates that Bitcoin's recent breakout attempt reached a one-year high on October 4, but highlighted potential supply issues due to thin trading volumes. The analysis suggests this could signal a dangerous mix of reduced liquidity and easy profits for traders.

Sources

• CryptoSlate — Bitcoin’s failed breakout reveals a dangerous mix of thin volume and easy profits

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