Bitcoin on-chain and options data hint at a decisive move in BTC price
Bitcoin Bitcoin on-chain and options data hint at a decisive move in BTC price 18 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Bitcoins volatility has dropped to historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data allude to incoming volatility in June. The Bitcoin Volatility Index, which measures the daily fluctuations in Bitcoin‘s (BTC) price, shows that the 30-day volatility in Bitcoin’s price was 1.52%, which is less than half of the yearly averages across Bitcoins history, with values usually above 4%. According to Glassnode, the expectation of volatility is a “logical conclusion” based on the fact that low volatility levels were only seen for 19.3% of Bitcoins price history. The latest weekly update from the on-chain analytics firm shows that Glassnodes monthly realized volatility metric for Bitcoin slipped below the lower bounds of the historical Bollinger Band, suggesting an incoming uptick in volatility. Long-term Bitcoin holders metric points to a price breakout The on-chain transfer volumes of Bitcoin across cryptocurrency exchanges dropped to historically low levels. The price is also trading near short-term holder bias, indicating a “balanced position of profit and loss for new investors” that bought coins during and after the 2021-2022 bull cycle, according to the