We are waiting for a period of high volatility BTC.

in #bitcoin5 years ago


On Sunday, Bitcoin depreciated by more than $ 100, dropping below $ 3,550, after which it recovered almost to $ 3,600 on Monday morning.

However, according to new studies, the volatility of BTC, and, as a result, of all altcoins, may even increase in the near future.

Flipside Crypto study: BTC period of high volatility is waiting for us
According to Flipside Crypto analytical company crypto, a large number of BTC holders who have not used their coins for more than two and a half years are now starting to become more active. Flipside Crypto spokesman Eric Stone, in an interview with Bloomberg, noted that since the summer of 2018, the supply of "active Bitcoins" in the market has increased by 40%.

Currently, this trend continues to evolve - at the moment about 60% of the total BTC offer is on the wallets that have been active for the last 30 days.

According to Stone, similar phenomena were recorded on the threshold of significant fluctuations in the BTC price in 2015 and 2017. As you know, the last period of growth led to the fact that BTC reached a record high of $ 20,000 at the end of 2017.

He also added that "this is definitely a significant shift [...], and the potential of price fluctuations is higher than usual." The only question is whether this movement will be upward or downward?

It is worth noting that, despite the recent sales of crypto assets, the research company Delphi Digital confirmed yesterday that their previous forecast that BTC will reach the bottom of the correction in the first quarter of this year remains in force.

Krypto analyst Willy Woo, in turn, believes that Bitcoin has not yet determined the lowest correction point:

Is the bottom reached? Not yet.

In order for the bottom to be reached, the volume of active coins must become constant, and now it is very unstable.

What can be a catalyst to achieve the bottom of the correction? First of all, the community mentions the launch and negotiation of a crypto ETF.

Recently, information appeared in the media that Japan may become the first region in which Bitcoin ETF will start functioning. However, in an interview with News.bitcoin.com, a representative of the Japan Financial Services Agency (FSA) said that "at present we are not considering the possibility of approving a Bitcoin ETF that tracks crypto assets."

According to the representative of the FSA, the agency believes that "there is no need to trade derivatives of crypto assets on financial instrument exchanges", which are available to most market participants.

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