Coinbase: Bitcoin Faces Liquidity Squeeze and Rangebound Trading Ahead of April Halving

Crypto markets could face headwinds like limited liquidity and quarter-end portfolio rebalancing in the near term, says Coinbase

The Bitcoin market is expected to trade in a narrow range until the next halving event in mid-April

Factors like the expiration of a Fed liquidity program on March 11 could reduce available liquidity

Bitcoin ETFs have changed market dynamics, with ETF bitcoin holdings growing faster than miner supplies

Despite recent all-time highs, there are offsetting dynamics that may limit further near-term bitcoin price gains