Bitcoin is struggling as liquidity dries up across spot, futures, options, and ETF markets

Description

Bitcoin’s run is now hanging by a thread. Liquidity is drying up fast, and that slowdown is hitting spot, futures, options, and ETF markets all at once. Across every major segment, trading activity is thinning out, positioning is turning cautious, and momentum is cooling. Prices are currently stuck below the $114,000 threshold, right where it’s been repeatedly rejected. Data from Glassnode shows the Relative Strength Index fell hard, dropping from 47.4 to 35.8, which pushed it under its low band...