Extreme Apathy in the Bitcoin Market has been Recorded.
15 Aug 2023, 15:18
Extreme Apathy in the Bitcoin Market has been Recorded
Glassnode analysts have concluded that the bitcoin market has reached a stage of extreme apathy and exhaustion. Volatility indicators have reached record low values.
The bollinger bands indicated that the spread had narrowed to 2.9%. Lower readings were seen twice: in September 2016 and in January 2023.
Recall, the 30-day volatility of bitcoin in terms of the year fell to 15.5%. This is the minimum value in history.
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