Bitcoin Volatility Index Suggests Large Price Move Arriving Soon
Historical data of the Bitcoin volatility index hints that the price of the crypto may observe a big move in the near future. Bitcoin Volatility Index Has Recently Been Below A Value Of 25 As pointed out by an economist on Twitter, the volatility index has declined into a zone that has historically been followed by an explosive move in BTC. The “volatility index” in question is the BitMEX .BVOL index, and according to the exchange, the metric’s value “is the rolling 30 day annualized volatility of the daily 11:30 UTC to 12:00 UTC Time Weighted Average Price (TWAP)....
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The current Bitcoin volatility Index values suggest that a short squeeze may be near, if past pattern continues to hold. Past Bitcoin Volatility Index Pattern Suggests A Short Squeeze May Happen Here As explained by an analyst in a CryptoQuant post, the BTC volatility index has now reached values where a short squeeze has happened in the past. The “volatility index” is an indicator that shows how much the price of Bitcoin has fluctuated in a day compared to its historical average. When the value of this metric rises, it means the crypto’s price has recently seen higher....
ATOM price struggles on high timeframes to trend higher despite showing bullish sentiment in recent times. ATOM trades below uptrend support as the price looks bearish with the current market state. The price of ATOM eyes key support as price trades below 50 and 200-day EMA. The price of Cosmos (ATOM) struggles to discover its bullish trend as the price breaks below uptrend support against tether (USDT). The previous weeks saw the crypto market cap looking good as prices of Bitcoin (BTC) and other crypto assets, including Cosmos (ATOM), showed so much strength as price rallied from a low....
Bitcoin derivatives exchange BitMEX has announced that from 5th January they will publish a 30 day bitcoin volatility index, measuring the cryptocurrency's volatility against the United States dollar, and that they will create a tradable financial instrument based on the index. Often known colloquially as a 'fear index', a volatility index provides a measure of how much the value of a currency or asset is fluctuating up and down during a given period of time. A similar index called the VIX is often used by stock market traders to gauge and hedge against risk, as well as for other trading....
Option traders seem to be quite fearful in October. The Crypto Volatility Index, or CVX, is now live as a beta test and proof of concept. The index tracks the implied volatility of crypto options in a similar fashion to the VIX index used in stock markets.The VIX is usually referred to as the “stock market fear index” as it often spikes in anticipation of major downward moves.The CVX operates under a very similar mechanism. It tracks the implied volatility of a basket of crypto options, primarily for Bitcoin (BTC) and Ethereum (ETH).Options are a derivative product that give buyers the....
Data shows the Bitcoin supply in profit has continued its decline, but the metric has still not reached levels as low as the previous bear market bottoms. Around 50% Of The Bitcoin Supply Is In Profit At The Moment According to the latest weekly report from Glassnode, the current profitability levels in the BTC market are still above the 40%-42% values that were observed during historical bottoms. The “percent supply in profit” is an indicator that measures the total percentage of the Bitcoin supply that’s currently holding some unrealized profit. The metric works by....