📈 According to Bitfinex's weekly report, Bitcoin (BTC) is likely to experience increased volatility in the coming months. The crypto market is in one of the longest periods of low volatility in Bitcoin history.
🚀 However, recently BTC's 24-hour volatility increased by 1,200% in 9 hours, as it crossed the $30,000 level and rose to $35,000.
⚠️ Bitcoin's sudden rise suggests a volatile market could be in store ahead of short-term consolidation and further volatility.
💥 The BTC surge on October 16 was short-lived, with the largest short-term liquidations occurring since August. This shows the sensitivity of the crypto market to high volume transactions.