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Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend

As the U.S. has been off for an extended long weekend, markets are soft as Asia begins its Wednesday trading day. Bitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. The CoinDesk Market Index (CMI), a measure of crypto markets performance, is down 0.9% to 1,262. Data from CoinGlass shows that while open interest continues to sustain itself at the $14.38 billion market, trading volume across the board is down, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.

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