Bitcoin has bottomed but struggling with negative liquidity
One trader believes Bitcoin (BTC) has bottomed , referencing CryptoQuant data. His preview is despite a parallel Analysis by Mike McGlone, a Bloomberg analyst, who notes that the coin is still struggling with negative liquidity . $BTC – The Bottom Has Passed But Still Attractive Price "The attached chart shows Bitcoin in Google Trends and Bitcoins estimated to be purchased between 1 week and 1 month ago." by @DanCoinInvestor Linkhttps://t.co/Ri3x8DuEyv — CryptoQuant.com (@cryptoquant_com) October 4, 2023 The analysis is anchored on the link between public sentiment and Bitcoin prices. Often, high optimism signals a market peak. CryptoQuant uses Google Trends data and coins purchased in the past month to support this preview. You might also like: Solana co-founder Yakovenko: ‘Ethereum embodies bourgeois digital tyranny’ Presently, data indicates low public interest in Bitcoin, suggesting that the coin is far from its peaks. Accordingly, the analys...