The Bitcoin market is currently in an intriguing position, with the average coin still showing a 2x gain, despite most short-term holders being underwater. Several volatility measures are also showing significant compression, indicating that a larger move could be imminent. The #Bitcoin market is in an interesting spot, with the average coin still up 2x, whilst most Short-Term Holders are underwater. A multitude of volatility measures are also heavily compressed, suggesting a larger move is on the horizon. Discover more in the latest Week… pic.twitter.com/8J0MAKRraf — glassnode (@glassnode) July 3, 2024 As Bitcoin dipped below $60,000, traders on Binance increased
The post Bitcoin Market Poised For Major Move As Volatility Measures Tighten appeared first on The Merkle News.