您现在的位置是:Glassnode data suggests higher BTC volatility in the short term >>正文
Glassnode data suggests higher BTC volatility in the short term
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛569人已围观
简介Bitcoin has traded in a narrow range in the $37k-$42k region to suggest higher volatility lies on th...
- Bitcoin has traded in a narrow range in the $37k-$42k region to suggest higher volatility lies on the horizon.
- BTC price is up 3.8% in the past 24 hours, currently around $42,625 per coin.
Bitcoin is likely to see increased volatility in the near term, analytics platform Glassnode said in its March 21 issue of “The Week On-chain” newsletter to investors.
According to the platform, the futures and options markets suggest higher inbound volatility, with the outlook putting it around the ‘horizon’. This is the case even as on-chain activity points to a bear stranglehold of the market that still pins upside sentiment across the crypto space.
BTC price recovery
Glassnode points to Bitcoin’s recent recovery as having come amid low volatility and widespread consolidation. Indeed, the BTC price traded towards $37,000 last week before recovering to the key resistance area around $42,300.
Monday saw the flagship cryptocurrency retrace from the weekend highs amid fresh sell-off pressure, tracking US equities following inflation comments from Federal Reserve Chair Jerome Powell.
In Tuesday deals, Bitcoin broke higher once again to touch highs around $43,080. However, it’s retreated to currently trade around $42,625 to see it remain within the key narrow range.
Chart showing recent range low and range high for BTC. Source: Glassnode.
Derivatives point to volatility on the horizon
According to Glassnode, Bitcoin’s continued movement within the narrow range has come amid a period of low volatility. The scenario implies higher odds of a buildup of fresh volatility, the firm noted.
After pricing in short term implied volatility around the Fed rate hikes, futures and options markets now suggest higher implied volatility.
“Options implied volatility is coming off relatively low levels between 60% and 80%, which have historically been followed by periods of extremely high volatility. Such high volatility events in 2021 include the May sell-off, the short-squeeze in July, and the October rally to ATHs,” the firm noted.
Note that traders usually look to implied volatility as a prediction of just how risky a trade is likely to be based on the potential for the market to move in either direction.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/971313.html
相关文章
EU banking watchdog strengthens AML measures for crypto firms
Glassnode data suggests higher BTC volatility in the short termEBA extends AML guidelines to CASPs, addressing ML/TF risks in crypto transactions.Guidelines provid...
阅读更多
Crypto tailwinds for 2024 and implications for Memeinator (MMTR)
Glassnode data suggests higher BTC volatility in the short termCryptocurrencies did well in 2023 as demand remained at an elevated level.Bitcoin and most digital c...
阅读更多
Bulgaria closes investigation into Nexo for lack of evidence
Glassnode data suggests higher BTC volatility in the short termBulgarian prosecutors have ended the criminal investigations into crypto lender Nexo.A report publis...
阅读更多
热门文章
最新文章
Animoca Brands now largest Validator in TON Network after strategic investment
SEI, SUI, RUNE slump as Bitcoin drops amid Grayscale dump
Genesis to pay $8M fine, forfeit BitLicense as NYDFS settlement
Palmswap to hold its community fair with 100M PALM tokens
Reserve Rights (RSR) rallies ahead of mainnet launch: here’s where to buy the RSR
CoinTracking review: its pros, cons, and how it works