Live markets: Bitcoin could drop to $59,000 in the short-term as liquidity dries up

60-second summary

Bitcoin's short-term price is forecasted to drop to $59,000 due to drying liquidity, according to Wintermute's options desk. The firm predicts a $61,242 to $63,563 range for Tuesday, with correlation rising across tokens. Without a fresh ETF bid, this volatility may continue, potentially affecting the overall cryptocurrency market sentiment and investor confidence.