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BTC Market Experiences Turbulence, Exchanges Face Liquidity Shortages
Bitcoin spot markets are still unstable 24 hours after the fake news spread about ETF approvals by the SEC. Several exchanges are short on funds. Due to the BTC market instability, experienced traders and cryptocurrency enthusiasts are talking on social media. Trading and market specialists have quickly identified the unusual price movements caused by exponential volatility, coining the term “RogueWicks” to describe them. Kaiko, a cryptocurrency market statistics provider, found that volatility decreased liquidity. This phenomenon explains volatility avoidance, a common market-maker approach. Market makers use ... (full story)