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Analyst: BTC Volatility Hits New Two-Year Low, Signaling Potential Imminent Spike
BlockBeats News, August 14th, CryptoQuant analyst Axel Adler Jr posted that, "According to the 30-day high-low price indicator, Bitcoin's volatility has compressed to the lowest level in two years: the range between the highest and lowest prices in the last 30 days has narrowed, and the range formed by the rolling high/low prices has squeezed the price within it. This compression usually reflects supply-demand balance and low realized volatility. When liquidity is concentrated at local highs (above $120,000) and lows (below $113,000), this situation occurs. The possibility of price range expansion is increasing."
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