Bitcoin Just Made a Rare Move
Bitcoin just recorded a 5.8-sigma daily move relative to its 30-day volatility, according to Glassnode.
What makes it interesting is the scale of the move. Glassnode notes that this was Bitcoin’s largest upside move since October 2023.
Moves like this don’t happen often. They usually signal a major shift in short-term market momentum.
The key question now is whether this strength can continue.
Worth watching. DYOR.
#CFTCSeeksInputOnComputeDerivatives #EliLillyRises5.3%ToRecordHigh #CryptoRally $BTC
Bitcoin just recorded a 5.8-sigma daily move relative to its 30-day volatility, according to Glassnode.
What makes it interesting is the scale of the move. Glassnode notes that this was Bitcoin’s largest upside move since October 2023.
Moves like this don’t happen often. They usually signal a major shift in short-term market momentum.
The key question now is whether this strength can continue.
Worth watching. DYOR.
#CFTCSeeksInputOnComputeDerivatives #EliLillyRises5.3%ToRecordHigh #CryptoRally $BTC