KHI $BTC HISTORICAL LOW - MARKET LIQUIDITY IS AT THE BOTTOM
*Liquidity level hits historical low:
- Currently, liquidity has returned to the level equivalent to the end of 2022, right after the FTX collapse, an extremely low threshold signaling that capital has been withdrawn or is on the sidelines observing.
*The network is still growing, despite poor liquidity.
- Network Growth has decreased from its peak but still maintains the 48 range, meaning users/on-chain activity is still present.
*A different context, but the old logic still holds true.
- Stablecoin regulation is clearer, Bitcoin ETF has pulled a large amount #BTC out of exchanges, the context of higher interest rates, big players are defending tightly.
- However, the essence of the crypto market remains unchanged: as long as there are signals for liquidity to return, prices will react by inertia.
=> When the market runs out of liquidity, all bad news has been released, it is the time of lowest systemic risk - that is a good price range for cautious DCA.
=> Don’t expect to catch the absolute bottom, but rather to stagger your capital, split positions, prioritize foundational coins (BTC, ETH, strong L1).
*Personal opinion: BTC cannot carry on alone forever. When BTC stops running, altcoins will continue to run.
