Deep liquidity cushioned Bitcoin’s price during March volatility

Increased bid-side liquidity absorbed sell-offs, preventing prolonged dips below $80,000 during volatile March trading.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

March unleashed a whirlwind of volatility for Bitcoin, with prices swinging dramatically between $95,000 and $78,000. As these tumultuous price dips seemed poised to drag the value below $80,000 for an extended period, market depth played a pivotal role in stabilizing the scene. Specifically, the balance between buy and sell orders within a 2% range of the market price served as a crucial buffer. But what hidden force emerged mid-March, outmaneuvering the sell-side pressure and preventing further descent into bear territory? Discover the mechanism that orchestrated Bitcoin's swift rebound above $80,000.