Bitcoin's order books are showing signs of a potential price bottom and a bullish shift in the market. Data from Hyblock Capital reveals that liquidity, represented by market depth, has dried up close to the going market rate and further away, which is typically observed at market turning points. Traders struggling to make decisive moves has led to fewer buy and sell orders and a decline in liquidity, which is a characteristic of market bottoms. Low liquidity in the order book often coincides with market bottoms and can be an early indicator of a price reversal. The market is currently showing positive macroeconomic developments for bitcoin, and if it remains resilient, bears may square off shorts and put upward pressure on prices.



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