Bitcoin Shows Resilience as Liquidity Holds Despite Macro-Driven Volatility: Kaiko

Bitcoin (BTC) wobbled amid a series of macro and geopolitical shocks in early 2026, but key market plumbing held up better than price action alone might suggest. A new analysis from Kaiko Research argues that while digital assets were swept into broader risk-off moves, improvements in 'liquidity' and derivatives positioning point to a market that absorbed stress without a lasting breakdown.