Bitcoin Spot Volume Collapses 81% Since October 10: History Points To A Rare ...
Bitcoin is facing renewed selling pressure as uncertainty continues dominating global financial markets, but bulls have so far managed to defend the critical $75,000 region. The asset remains trapped below key resistance levels after failing to reclaim momentum above $80,000 earlier this month, leaving traders searching for signs that the current correction is either stabilizing or preparing for another leg lower. Related Reading: HYPE Rally Accelerates Above $60 As High-Profile Whale Quietly Builds His Position While the recent weakness has raised concerns across the market, top analyst....
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On-chain data shows the Bitcoin spot volume has observed a notable decline, something that could make the market more sensitive to flow shifts. Bitcoin Spot Volume Has Gone Through A Decline Recently As highlighted by on-chain analytics firm Glassnode in an X post, the Bitcoin Spot Volume has declined to multi-year lows. The “Spot Volume” […]
According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout Historical October Bounces Reports show the four October setbacks came in 2017, 2018, 2019, and 2021. In the week after each fall, recoveries ranged from modest to sharp: gains of 16% in....
On-chain data shows the Bitcoin Spot Volume has witnessed a rebound alongside the latest price rally, indicating a return of trading interest. Bitcoin Spot Volume Has Gone Up Recently In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Spot Volume. The “Spot Volume” here refers […]
Bitcoin (BTC) has seen heightened volatility following the US Federal Reserve’s decision to cut interest rates by 25 basis points and announce the official end of quantitative tightening (QT) by December 1st. The move marks a pivotal shift in US monetary policy as the central bank signals the beginning of a more supportive liquidity cycle after months of restrictive financial conditions. Traders reacted sharply across risk assets, with Bitcoin initially spiking before retracing as markets reassessed the implications of renewed liquidity and shifting economic expectations. Related Reading:....
Data shows Bitcoin spot trading volume has surged up as BTC has begun to target a new all-time high (ATH) price soon. Bitcoin Spot Trading Volume Keeps Increasing As per the latest report from Arcane Research, BTC spot trading volume continues to surge up as the coin heads towards a new ATH. The “trading volume” […]