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Deep Liquidity Cushioned Bitcoin’s Price During March Volatility
March unleashed a whirlwind of volatility for Bitcoin, with prices swinging dramatically between $95,000 and $78,000. As these tumultuous price dips seemed poised to drag the value below $80,000 for an extended period, market depth played a pivotal role in stabilizing the scene. Specifically, the balance between buy and sell orders within a 2% range of the market price served as a crucial buffer.
But what hidden force emerged mid-March, outmaneuvering the sell-side pressure and preventing further descent into bear territory?
Source: https://cryptoslate.com/deep-liquidity-cushioned-bitcoins-price-during-march-volatility/
