BTC set a new two-month record overnight on Jan. 19, amid growing doubts about the effectiveness of the bitcoin market.

Anxiety about the "utilization" of the liquidity of special currency

The information of Cointelegraph Markets Pro and TradingView follows that of BTC/ dollars, which is sorted out sideways above $21000 after Bitstamp touched $21455.

It marks the peak of two stocks in 2023, the latest release of a bullish recovery that has not been challenged since the collapse of FTX.

But amid widespread mistrust of the move, a new warning emerged as Bitcoin again ignored predictions of a sharp fall in Bitcoin.

When studying the composition of Binance orders for Bitcoin against the dollar in the larger Bitcoin exchange center, it was surprising that these higher bids did not lift the support point.

The company commented: "I have been looking forward to the bid on Friday the 13th, but it has deeply attracted more than twice the bid working capital to enter this section, which is also bullish in the short term."

"ICAO, this move may have been carefully designed. Instead of fighting it, it is to limit the leverage ratio to control the risk.

As reported by Cointelegraph, dolphins have become the focus of attention on camera after a large-scale purchase last week.

"they are trying to attract more customers to bid to take advantage of the scarcity to increase liquidity," the raw material index added.

"We can explore 100 different development strategies, but the net effect of a sharp increase in bidding liquidity is the same, at least until people retest the local bottom point and they gradually consolidate their support."

General Byzantium, who is also a trader, stressed that the order composition of derivative service platform Deribit is also similar, with a support line between $20000 and $21000.

"the books on pit bulls in New Delhi look interesting. It is not always so biased, "it makes up lies."

Bitcoin supply may not be able to find customers.

Moreover, concerns about the sustainability of this round of gains are not limited to trading centres.

In an article published on the analysis platform CryptoQuant on January 16th, soft writer Phi Deltalytics explained the hidden lack of demand.

It suggests that the main reason is that Bitcoin has returned to the trading center to sell, while the relatively stable money supply has been reduced.

The recent rebound in Bitcoin has led investors to profit-take their Bitcoins from frozen inventories to spot exchanges, the commentary said.

"increased sales pressure, coupled with a reduction in reserves to pay for stable assets, is likely to lead to a short-term recovery. More requirements are needed for the rebound to continue. "