Data shows some slight improvements in crypto investor sentiment, but a deepening credit crunch and the possibility of additional bankruptcies continue to weigh on the health of the entire market.
a credit crunch, a severe reduction in capital inflows and an increased threat that additional major centralized exchanges could collapse.
There are plenty of sources of concern for market participants – volumes and liquidity have dried up and are, by various metrics, on the lows of the year. While this could be a holiday phenomenon, sentiment is dark –According to Cumberland, the limited liquidity is a result of large-scale capitulations, leaving bankrupt firms with no remaining coins to sell.trading volumes reaching a new 2-year low of $677 million for the week.
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