Bitcoin (BTC) has remained trapped between $60,000 and $80,000 for six consecutive months, reflecting a market increasingly defined by apathy and weak trading activity. However, such thin volumes combined with elevated open interest leave room for sudden spikes in liquidation, according to a Tuesday report by K33. Source: K33Instead, K33 notes that the prolonged consolidation has coincided with declining market activity, as seasonal summer weakness has added to the lack of momentum. Source:K33Despite the decline in trading activity, open interest has remained relatively high. Instead, elevated open interest alongside thin trading volumes could leave Bitcoin vulnerable to liquidation-driven moves in either direction.