Bitcoin volatility falls to a 2-year low, while $144.6M in ETF outflows...
Bitcoin’s (BTC) volatility falls to a two-year low, while outflows of $144.6 million from ETFs and weakened technical signals increase the risk of a sudden price move.
Key points:
The width of the Bollinger Bands has tightened to 3.8%, one of its lowest levels in two years.
The ADX stands at 11, while the +DI and -DI lines remain close together, with no clear directional trend.
The long-term holders’ aNUPL ratio has moved into negative territory, but it remains above the deep troughs seen during previous cycle lows.