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Edited by Ritu77 at 23-12-2023 06:40 PM
November 24, 2023
The five-day volatility low of Bitcoin has dropped below the volatility lows of the S&P 500, Nasdaq Index, and gold. According to a report from K33 Research, this situation has only occurred a few times, and it is typically followed by a burst of volatility.
Investors should consider the 30-day volatility index, which has recently almost reached a five-year low, aside from a significant contraction in trading volume.
On-chain insights from Glassnode reveal that long-term holders of Bitcoin have been consistently reducing their supply, indicating their readiness to sell, especially if the price falls below $30,000. |
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Post time 29-11-2023 12:58:51