BTC encounters a sell-side liquidity crisis? eToro is about to be bought short by investors

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), by Apatheticco, published with permission.

Editor's Note: This article comes from

Babbitt Information (ID: bitcoin8btc)

Babbitt Information (ID: bitcoin8btc)

, by Apatheticco, published with permission.

Investor demand for bitcoin and other cryptocurrencies on the trading platform eToro is so high that the platform has warned customers that their purchase orders may be limited, Bloomberg reported.

In a recent email to clients, eToro stated:

“Unprecedented investor demand for cryptocurrencies combined with limited liquidity has challenged platform support for buy orders over the weekend. Given this, it may be necessary for us to limit buy orders over the weekend.”

Bitcoin broke through $40,000 last week to create a record high, but then pulled back sharply, but investors' demand for digital currencies has not weakened. The Bloomberg article highlighted that, unlike stocks, the cryptocurrency market trades 24/7, with a surge in trading volume on weekends as investors have more free time to participate in market transactions.

An eToro spokesperson said on Wednesday: