Analyst: BTC liquidity recovering, reclaiming $80K is key test

On-chain analyst Willy Woo has assessed that Bitcoin market liquidity is showing signs of recovery, adding that reclaiming the $80,000 level is a crucial test. Woo noted that, based on on-chain data, capital inflows into Bitcoin have turned positive for the first time since January. He also stated that the spot market remains stable, while the derivatives market, which has been disrupted since Oct. 10 of last year, is attempting a second rebound.