Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
Liquidity news
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.
Rate cuts and rising liquidity could boost Bitcoin in the coming months, says Bitcoin bull Anthony Pompliano.
Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.
Ethereum’s futures open interest hit a new all-time high, but data shows this feat is usually followed by an ETH price crash.
The liquidity management app’s team had previously stated that some strategies would be “delisted,” but the new deposit block affects all strategies.