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Live updates: Traders say bitcoin sell-off from $65,000 points to thin volume, not panic selling
Traders report a bitcoin sell-off from $65,000, noting thin trading volume rather than panic selling. The decline is attributed to low liquidity rather than widespread panic in the market.
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Adjacent reporting
- Bitcoin panic-selling may be ending as sellers' profit margins disappear
- Prediction market traders bet bitcoin's selloff has further to run
- Bitcoin trading volume is falling fast. That rarely ends smoothly.
- Bitcoin has shed $5,000 within days. The data says this selloff could worsen
- ‘Stuck in distribution’: Bitcoin slips below $63,000 as analysts warn rallies are being sold, not bought