๐ Why did Bitcoin drop at the end of July?
CryptoQuant analyst @Arab_Chain points to 3 key reasons:
1๏ธโฃ Liquidity ratio hit historical lows โ scarce supply, but no strong buy-side demand
2๏ธโฃ ETF flows were unstable โ no consistent price support
3๏ธโฃ โSmart moneyโ accumulation was weak โ too slow, too small
Scarcity means nothing without demand. Thoughts? ๐
#Bitcoin #CryptoMarket #BTC #ETF #LiquidityCrisis