Yesterday, Bitcoin experienced significant price fluctuations between $27,300 and $29,000, and CryptoSlate believes the main reason is the increasingly illiquid market. As Bitcoin liquidity has dropped considerably in 2022 and worsened in 2023, price action can move rapidly in either direction. Currently, futures open interest plays a crucial role in determining price action. With over $350 million in liquidations in the past 24 hours, we expect short-term volatility to continue. But what happened when Bitcoin reached $27,000? Unlock the full story with CryptoSlate Alpha.

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