Glassnode analyst: Bitcoin price must leave the $60,000 range to re-stimulate active trading

Odaily News James Check, chief analyst at Glassnode, said that holders are stuck in a slump and traders need to break through the low-$60,000 range to reignite activity, noting that Bitcoin's sell-side risk ratio is "well into the low liquidity zone." Check explained that "the vast majority of the currency circulating on the chain will not bring huge profits or huge losses." During periods of Bitcoin price consolidation, experienced traders usually hold off and wait for clearer price action signals before making the next move. (Cointelegraph)