Bitcoin price falls below $29K, no surprise given volatility and liquidity metrics

Key TakeawaysBitcoin has softened fallen from $30,000 to close to $28,000
Our head of research looks into the data, arguing the move should not be a surprise
Bitcoin’s fixed supply and lack of dividends or earnings means price is entirely demand-driven
Thin liquidity in the Bitcoin market exaggerates every move, with 45% of stablecoins leaving exchanges in the last 4 months
Correlation with stocks remains high, with high UK inflation creating pause for thought
Market has also peeled back s