Bitcoin Liquidity and Price Struggle Amid Regulatory Pressure and Halving Anticipation.

Bitcoin liquidity on Binance has decreased by more than half since February due to the removal of the zero-fee promotion and the recent banking failures. This has led to increased volatility in the market, with thin order books on exchanges providing room for wild price swings from large orders. Despite favorable conditions, such as a positive CPI report and market expectations of an interest rate cut by the U.S. Federal Reserve, Bitcoin failed to stage an uptrend likely due to poor liquidity.