BTC’s 24% rally to $80K backed by steady liquidity, CoinDesk says

Dollar liquidity across key order-book levels remained broadly stable as BTC surged to $80,000, suggesting the move was supported by genuine buying demand rather than a thin-market spike, CoinDesk reported. The outlet said dollar liquidity at major quote levels held steady overall during BTC’s advance. Although liquidity edged lower on Aug. 25, it remained within normal ranges, and there was no clear drop in liquidity within 0.5% of the mid-price before or after the rally. CoinDesk said BTC’s roughly 24% rise to $80,000 appears to reflect the market absorbing real buying demand rather than a price distortion caused by low liquidity. The outlet added that August is typically the weakest period for liquidity across both crypto and traditional financial markets because of seasonal factors, making the stable market depth during the rally a sign of strong buying interest.