Chinese Traders Split on Bitcoin's Short-Term Path as Liquidity Thins Before Christmas
Chinese crypto traders are divided over Bitcoin's near-term direction, with some concerned the $90,000 resistance will prove difficult to breach and the market could enter a bear-phase correction, Greeks.live researcher Adam wrote on social media on Dec. 23, BlockBeats reports. Traders are monitoring downside pressure from pre-Christmas liquidity depletion, while persistent squeezing of leveraged long positions is adding to market swings. Overall volatility has dropped to historically low levels.