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Data: Glassnode Reports BTC in Low Volatility Range, Momentum Weakening or Brewing Breakout Direction
Summary: According to reports, Glassnode stated that the short-term annualized actual volatility of Bitcoin has dropped to below 30%, signaling a low volatility phase in the market, which typically precedes a surge in volatility. On-chain data shows that profit realization has decreased to $1.17 billion daily, a 47% drop from the peak in June; net inflows ...
According to reports, Glassnode stated that the short-term annualized actual volatility of Bitcoin has dropped to below 30%, signaling a low volatility phase in the market, which typically precedes a surge in volatility. On-chain data shows that profit realization has decreased to $1.17 billion daily, a 47% drop from the peak in June; net inflows of US spot ETFs have also halved from the peak in July to an average of 980 BTC per day, indicating weakening institutional buying pressure. Their analysis suggests a short-term rebound to $114,000, but if the price falls below that level, the overall trend remains bearish.
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Link: Data: Glassnode Reports BTC in Low Volatility Range, Momentum Weakening or Brewing Breakout Direction [Copy]
