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BTC Liquidity Hits 3-Year Highs as Google Interest for Bitcoin Drops—What to Expect in Q3

  • Interest in crypto, particularly Bitcoin, has decreased significantly as Google search volumes and Wikipedia pageviews decline, indicating low market confidence.
  • Bitcoin's price dropped from an all-time high of $111,000 to $107,720, with interest in cryptocurrencies falling globally.
  • Liquidity in the crypto market is increasing at a rapid pace, potentially opening up new upside potential for Bitcoin amidst dropping global interest rates.
  • While historically the third quarter hasn't been Bitcoin's strongest, there is cautious optimism if Bitcoin surpasses $110,000, as it could trigger bear liquidations. However, caution is advised due to potential fake moves before breakouts or pullbacks.

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