CoinDesk cited Glassnode's analysis, warning, "Bitcoin's daily spot trading volume recently fell below $8 billion. The decrease in trading volume leads to a reduction in market depth (the size of buy and sell orders within ±2% of the current price) and liquidity, making it more vulnerable to sharp price fluctuations." In this regard, CoinDesk added, "The Federal Reserve (Fed) will announce its interest rate decision in the early hours of the 30th, Korea time. Although the market expects a rate freeze, if a hawkish statement expressing concerns about economic growth and inflation risks is released, risk assets could be hit."
