Thinning market liquidity and the absence of fresh ETF inflows are pressuring bitcoin, leaving it vulnerable to a near-term slide toward $59,000, according to trading desk analysis. Wintermute's options desk projects a tighter trading band of $61,242 to $63,563 for Tuesday, signaling reduced volatility expectations but limited upside momentum. Analysts point to rising correlation across major tokens, meaning altcoins are increasingly moving in lockstep with bitcoin rather than offering diversification. Without renewed institutional buying through exchange-traded funds, the market lacks a clear catalyst to push prices higher. The combination of drying liquidity and diminished ETF demand has raised concerns that bitcoin could test lower support levels if selling pressure intensifies. Traders are watching for shifts in flows and broader risk sentiment that could either stabilize prices or accelerate a decline in the short term.
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