Bitcoin bounced back to $64,000

Bitcoin (BTC) has climbed to $64,000, but this rebound took place in a very low volume of transactions, raising questions about the sustainability of the increase. According to analysts 10x Research, encrypted transactions have declined sharply since the inauguration of the President and the peak of the October crash. Bitcoin ' s current trading space is the narrowest in several months, while implied volatility has fallen to levels rare outside the summer period. According to the analyst, `the liquidity illusion: recent extreme fluctuations are more like short-term liquidity sweeps than sustainable organic trends'. At the same time, ETF inflows remained weak and stable currency outflows continued。